Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

Secondaries Investor CV Deal Log Q1-Q3 2024 – updated

Download our latest list of the continuation funds that were known or disclosed during the first nine months of this year.
Illustration of a team of businesspeople welcoming a new employee

Warburg Pincus explores building internal team to invest in continuation fund deals

Warburg’s move comes as several other large GPs have built out internal secondary capabilities, including TPG and Leonard Green & Partners.
canadian flag

CPP Investments was sole buyer of PSG’s multi-fund tender

The Canadian pension giant was able to secure priority allocation and fill its intended exposure as the lead in the process, Secondaries Investor understands.

AlpInvest’s ‘musical quartet’ fund interest ABS enchants investors

A diverse collateral mix of secondaries, portfolio finance and co-investments helped the Carlyle unit close above target on $1bn.
Water fountain

Lexington and StepStone step up as buyers on impact manager Ambienta’s CV

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.
Melbourne central business district, Victoria, Australia

LGT leads Australian GP Armitage’s $100m+ concentrated continuation fund

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.
Cooling systems in a cold storage warehose.

Astorg and Eurazeo to take lead on Ardian’s €500m-plus CV

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.
school and apple

Blackstone was sole buyer of PSERS’ secondaries sale

Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.
A cybersecurity illustrated collage

Five Arrows and TPG step up as lead buyers on Eurazeo’s continuation fund

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.
London

Apax scraps option of sizeable continuation fund for multiple companies

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.
si
si

Copyright PEI Media

Not for publication, email or dissemination