GP-Leds

Summa Equity is looking to move Norwegian biowaste company Norsk Gjenvinning from its debut fund to a separate vehicle.

The Harvest process allowed LPs in the firm’s seventh and eighth funds to sell their stakes at relatively high prices compared to other recent deals.

The investment firm is managing $200m from HESTA in a fund of one to invest alongside impact and sustainable private equity managers.

The secondaries market should continue to grow in 2023, with its biggest constraint being supply and demand. Secondaries Investor asks buyers from Apollo, BGO Strategic Capital Partners, Strategic Partners and more for their predictions.

A massive LP sale, an energy-focused single-asset deal and an Asian continuation fund were among transactions that stood out during the year.

As continuation vehicles become more common in infrastructure, LPs are putting such structures under the microscope.

Large single-asset deals in the real estate and infrastructure sectors have been driven by specific dynamics, according to panellists at PEI Group's Women in Private Markets Summit.

Economic dislocation spurred by runaway inflation and rising interest rates is making it harder to close secondaries deals as the gap between buyer and seller pricing expectations widens.

Another relatively rare GP-led transaction has closed in the secondaries market, adding to the pool of ever-growing manager types in an already competitive landscape.

The market has been waiting to see what kind of reception TPG’s pool would attract from LPs, being a first-time fund and a new platform for the mega-firm.