Stapled Deals

The JV with property investor ShopOne, struck on the back of a secondaries recap, provides fresh capital to invest in shopping centres in metropolitan areas.

At a time when concentrated deals are all the rage, small primary fund commitments can offer necessary diversification benefits.

The investment firm has committed to a double-down fund that Kibo Ventures will use to co-invest in existing portfolio companies as part of the transaction.

Secondaries Investor has collected all of last month's deals in one place in this handy table.

The asset management arm of Abu Dhabi's second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.

Partner Lauren King comes from Goodwin Proctor where she was co-leader of the secondaries practice.

The secondaries giant has replaced Bregal Investments as the sole LP in the European buyout fund, allowing the GP to complete a spin-out.

The pandemic has thrown up some unexpected issues for secondaries market participants, including a sponsor who threatened litigation over a stapled deal.

The asset manager raised $2.8bn for its previous fund, which was 93% committed as of the end of June 2019.

Two Danish pension funds sold their stakes in the 2010- and 2016-vintage vehicles.