TPG Angelo Gordon runs $1.5bn-plus GP-led credit secondaries process
The process comes at a time of increased momentum for GP-led credit deals with a number $1bn-plus transactions closing last year.
CalPERS closes multi-billion-dollar sale to Ardian, AlpInvest, Partners Group
The US pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale, Secondaries Investor understands.
StepStone and AB Value co-lead CV by Taiwanese investor
CDIB Capital Group has closed its first continuation fund as APAC sponsors become more accepting of GP-led deal structures.
Ardian steps up as buyer on PSP’s $1bn-plus portfolio sale
News of the sale follows the record-breaking close of Ardian’s latest secondaries flagship on $30bn.
TPG emerges as buyer on Providence’s education-focused CV
Providence’s single-asset deal for Globeducate was one of two deals it was shopping in the market last year, Secondaries Investor understands.
Secondaries volume hits record high of $160bn – Evercore
Transaction volume last year was significantly up from $114bn in 2023, with both LP-led and GP-led transactions hitting new highs.
Florida SBA’s sale shows credit secondaries are at start of significant ramp-up
The US public pension's offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.
Partners Group, Port Adv, Goldman back debut VC continuation fund
Trinity Ventures' deal involves moving 15 assets from its 11th flagship fund to a separate vehicle.
Ardian, Blackstone and Pantheon line up as buyers on Shin Kong’s fund sales
The deals come as Taiwanese insurers cut their private market exposure in anticipation of a new regulatory capital regime set to begin next year.
Top five secondaries deals of 2024
The secondaries market anticipates 2024 will be a record year for volume, with first-half figures coming in at between $68bn and $72bn.