Technology

Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.

The Duravant process is among a slew of single-asset processes to hit the market since last year, which is helping to drive total deal volume to record levels.

The Madrid-headquartered asset manager excluded the fund's GP commitment from its hard-cap on the back of strong late demand from German LPs.

The Munich-headquartered manager's first dedicated secondaries fund targets small and mid-sized opportunities on an LP- and GP-led basis.

The Minneapolis-based firm expects to finish deploying its most recent programme, Clean Growth Fund V, by the end of this quarter.

Evoco has raised €162m to acquire portfolios of companies in the European lower-mid-market, with a particular focus on German-speaking countries.

The Carlyle Group unit has led a process in the latest example of a sponsor using continuation fund technology for the first time.

The mid-market deal is at least the second European single-asset transaction London-headquartered Coller Capital has done this month.

The UK-headquartered internet of things connectivity provider is held in Montagu V, which raised €2.75bn by final close in September 2015.

Strip sales have not been as pervasive as other forms of direct secondaries like GP-led continuation funds and single-asset deals.