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GP-Leds
Download our latest list of the continuation funds that were known or disclosed during the first nine months of this year.
Secondaries investors expect pricing for GP- and LP-led deals to mostly increase or stay the same, with few expecting decreases.
Ardian, StepStone, Adams Street Partners and CPP Investments are LPs in the firm's debut buyside fund.
Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.
The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.
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.
The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.
The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.
Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.
All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.