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.

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Astorg seeks €1bn-plus continuation fund for ‘TIC’ industry asset

The firm has previously tapped the secondaries market to run a €1.3bn single-asset process on investor administration group IQ-EQ.
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StepStone buys in VC strip sale with double unicorn exposure

Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.
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Washington pension system shops large PE portfolio as secondaries surge

LP portfolio sales led volume last year, clocking in at an estimated $60bn out of a total of $115bn, according to PJT Park Hill’s full-year volume survey.
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After offloading PE portfolio, NY State Teachers’ considers real estate secondaries sale

The $138.5bn system recently sold huge stakes of its private equity portfolio.
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Ares leads on latest insurance-focused continuation fund

UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.
Andy Lund and Matt Swain

Inside Houlihan Lokey’s acquisition of Triago

The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.
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Top five secondaries deals of 2023

Both LP-led and GP-led deals made it to the list this year as market participants seek innovative ways to access liquidity.
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CPP and Lexington take lead on Hayfin’s sizeable strip sale

Hayfin is running a secondaries transaction on an account managed on behalf of BCI, Secondaries Investor has learned.

Palladium Equity runs continuation fund deal on three assets

The firm has been in conversations with certain LPs about bringing Fund VI to market, likely next year, it is understood.

BP pension nears deal to sell portfolio worth as much as $800m

Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.
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