Madeleine Farman
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.
The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.
The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.
The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.
The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.
In this podcast episode, Second Thoughts host Madeleine Farman and Americas correspondent Hannah Zhang talk through the spaces to watch in secondaries as end-of-year activity surges.
While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?
Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.
The process involved moving a portfolio of buyout and growth stakes from North American and European managers into a new vehicle.
The firm has appointed 15 people this year alone, including to newly created finance director and head of tax roles.