Unquote
Secondaries set for bumper year as dry powder overhang remains
The market is gearing up for a flurry of secondaries investing in 2021 with an estimated $61bn deployment target
Nordic Capital promotes two to partner
Pär Norberg heads the investor relations team while Philippe Neuschäfer focuses on lower-mid-market healthcare investments in DACH
Evolving VC landscape helps fuel venture secondaries
Backing a portfolio of companies after various funding rounds gives comfort to some investors, with valuations seen as more concrete
Keyhaven promotes Mouawad to partner
Specialist private equity secondaries firm focuses on the lower-mid-market
Covid-19 impact expected to be more severe than GFC – survey
Almost all Dechert survey respondents expect distressed deals to increase, while 82% cited more deal delays as an ongoing effect
Here's to a merrier 2021
The Unquote team wishes you a restful break and will be back to cover European private equity news on 4 January
29% of LPs have decreased interest in emerging managers – survey
Placement agent Eaton Partnersт latest LP Pulse Survey collected responses from 61 LPs globally
AlpInvest closes seventh secondaries fund on $9bn
ASP VII is a dedicated secondaries investment programme focused on fund interests and GP-centered investments
A year to remember - and learn from
Unquote recaps a year like no other, and maps out what market players expect when it comes to dealmaking and fundraising from 2021
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Waterland VIII holds final close on €2.5bn hard-cap
Three-month fundraising process was conducted entirely remotely, the GP said in a statement
Kline Hill Partners' third secondaries fund now 40% deployed
Kline Hill Partners Fund III held a second and final close on its $450m hard-cap in April
Q3 Barometer: Green shoots emerge
Aggregate value of deals was noticeably up in Q3 as the reopening of debt markets boosted transaction sizes
Wellington Hadley Harbor III closes on $1.8bn
In addition to the capital raised, the fund also has access to up to $400m from co-investors
Committed Advisors closes fourth secondary fund on €1.6bn
CASF IV is already 20% deployed and attracted a swathe of new LPs
Scale Venture Partners Fund VII closes on $600m
Fund targets software startups, with a special focus on cloud infrastructure, cybersecurity and AI
Ely Place appoints Leppla as partner
Leppla will focus on assisting private equity, credit, infrastructure and venture GPs raise capital from institutions
TriSpan Opportunities Fund II holds first close
Fund focuses on investment opportunities in the lower-mid-market across North America and Europe
SR One set to deploy $500m fund following GSK spin-out
CEO Simeon George tells Unquote that the firm is seeing early-stage and later-stage opportunities
Andreessen Horowitz raises $4.5bn across two funds
VC raises $1.3bn for its seventh early-stage fund and $3.2bn for its second growth fund
HIG Europe Capital Partners III closes on €1.1bn
Fund invests in buyouts, recapitalisations and corporate carve-outs of European businesses
Klar Partners hires Kuehne
Vera Kuehne joins the GP's London-based team
Investindustrial's SPAC trades on NYSE
Company plans to acquire European businesses with an enterprise value in the range of $1-5bn
GSK spinout SR One closes $500m debut fund
Biotechnology-focused vehicle will invest in Europe and the US, with GSK as cornerstone investor