GP-Leds

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. 

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.

Some firms have been through large secondaries processes in the past and are more familiar with how they work, according to sources.

The $550m multi-asset fund highlights the increasing adoption of the CV technology among mid-market sponsors.

Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.

LP portfolio transactions deals don’t 'play to the strengths' of the Northern European powerhouse’s active ownership model, according to CFO Kim Henriksson.

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

The deal will allow GA to hold onto four assets, including website builder Squarespace.