GP-led volume expected to hit record year – DC Advisory
Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.
Why an Aussie buyout shop has embraced global single-asset secondaries
Pacific Equity Partners has deployed around 60% of its evergreen wealth product into overseas GP-leds, managing director Alex Ovchar tells Secondaries Investor.
BlackRock’s GIP seeks over $1.7bn CV to house stake in UK airport
The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.
StepStone leads Gemspring’s CV for chemical distributor company
Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.
Warburg lines up lead investors for $2bn multi-asset CV on its own
Some firms have been through large secondaries processes in the past and are more familiar with how they work, according to sources.
HCI closes first CV on two food services assets
The $550m multi-asset fund highlights the increasing adoption of the CV technology among mid-market sponsors.
New Mountain eyes $2.5bn process to extend hold over Real Chemistry
GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.
PSERS sells $820m PE portfolio as it works to shrink exposure
The portfolio sale included full stakes in assets with vintages of 2013 and older and other partial stakes.
HarbourVest leading $3bn multi-asset CV from General Atlantic
The deal will allow GA to hold onto four assets, including website builder Squarespace.
Canadian giant PSP Investments shops $1bn-plus portfolio
LP sales accounted for about $40bn, or 59% of activity in the first half, according to Jefferies’ half-year volume report.