Madeleine Farman
In this podcast, CVC's Carlo Pirzio-Biroli and Kirkland's Ted Cardos literally peel back the onion on the year that was and look forward to what they believe will shape the secondaries market in 2025.
The process involves moving stakes into a new managed fund, Secondaries Investor has learned.
NYCRS, which oversees five pensions including NYCERS, has a secondaries programme in place with long-term targets ranging from 10-20% of its total PE portfolio.
Hollyport's John Carter and Elm Capital's Etienne Deshormes delve into why the opportunity in the tail-end secondaries market has grown, yet the number of buyers remains concentrated.
As private markets AUM continues to grow at a clip, so too does the number of legacy funds held onto by institutions. Hollyport's John Carter and Elm Capital's Etienne Deshormes join Madeleine Farman in the latest edition of Second Thoughts.
Advent is seeking to move business management software, payments and commerce-related technologies provider Xplor into a separate vehicle.
Milan-based Ambienta is seeking a single-asset continuation fund, which will be classified as an Article 9 vehicle under the EU’s SFDR, Secondaries Investor has learned.
The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.
Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg's first deal for its single-asset strategy.
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.