GP-Leds

The buyout firm and owner of UK supermarket chain Asda has mandated Rede Partners to explore a process on its third and fourth flagship funds.

The rationale for the deal is to provide liquidity to investors in older funds while still holding the assets.

GP-led deal activity has slowed in the market downturn as buyers look for mostly high-quality assets and continue to seek diversity through LP portfolio sales.

New Mountain is running the single-asset process for medical data-focused Datavant, which it acquired through a merger with its portfolio company Ciox Health in 2021.

The firm had considered running a process on the same portfolio company at the end of last year, Secondaries Investor has learned.

Are you GP lacking follow-on capital for an add-on? A continuation fund could be right for you – so long as it's done right.

A disconnect exists in the industry between GPs who view continuation funds as a desirable way to hold certain assets beyond the limits of a traditional private equity fund, and LPs who generally would prefer a regular exit.

Nico Taverna, founding partner at the GP-led focused firm, talks to Secondaries Investor about how it will invest its €350m second fund.

Three buyers co-led the novel transaction involving insurance asset Markerstudy, which was separately involved in an M&A process.

Sources point to an influx of deals hitting the market toward the end of summer that may drive volume, especially as pricing has improved.