Chris Witkowsky

Single-asset deals accounted for 30% of GP-led transactions in the first half, up from 20% in 2019, according to Evercore.

This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.

The tech specialist is among several high-profile private equity firms tapping the secondaries market this year.

Alternatives has more than $6trn in assets under management, and only about $100bn of that trades hands in secondaries, according to the firm's president Jonathan Gray.

The private equity firm’s latest fund, the $16bn Capital Partners Fund IX, is understood to be participating in the transaction.

The pension giant is understood to be selling a portfolio containing high-quality stakes.

The deal is one of only a few that have proceeded through the pandemic downturn, which otherwise has stopped most secondaries deal activity.

The line between co-investing and secondaries has become increasingly blurred as buyers show more appetite for single-asset deals.

Christiaan van der Kam, partner in secondaries, will be leaving Unigestion by mid-August.

Preferred equity has become one of the options for GPs who need additional capital for existing portfolio companies.