Fund restructurings have lost their stigma and are here to stay, secondaries executives said at the British Private Equity & Venture Capital Association Summit in London.

Pinal Nicum, a partner at fund of funds manager Adams Street Partners, said: "On the fund restructuring side, that is just getting started. There are a number of funds that raised in 2006, 2007 with relative mediocre performance and a lot of those funds will go through some kind of restructuring.