Secondaries
Kibo Ventures forms continuation vehicle for debut fund
HarbourVest is backing the restructuring of the 2012-vintage fund, which has reported 25% IRR
CVC acquires secondaries specialist Glendower Capital
Strategic partnership comes four years after Glendower completed a spin-off from Deutsche Bank
StepStone registers next Secondary Opportunities fund
Firm held a final close for SSOF IV on USD 2.1bn in early 2020
Capvis sets up first ever continuation vehicle for fund III assets
Three remaining assets in the 2008-vintage funds are Hessnatur, Arena and Kaffee Partner
Secondaries activity rebounds to record USD 55bn in H1 – survey
Direct secondaries account for the majority of transactions for the first time ever, says Setter Capital
Capiton raises top-up single asset fund for KD Pharma
GP completed its first single-asset deal for KD Pharma in 2019, having acquired the company in 2013
PGIM to acquire Montana Capital Partners
Founders Marco Wulff and Christian Diller will continue to head the Switzerland-based secondaries GP
Triago bolsters secondaries team with two NYC hires
Michael T Pilson and Marc Fitorre join as partner and principal, respectively
Aliante Partners secures preferred equity with Pomona
Deal includes a liquidity option for LPs and a second preferred equity line for add-on acquisitions
Eurazeo raises €1bn for secondaries programme
Capital raised includes €700m for Idinvest Secondary Fund IV and €300m raised from individuals
ASI raises $556m for fourth secondaries fund
Since launching its first secondaries fund in 2014, ASI's private equity secondaries programme has now raised almost $1.5bn through four funds
LGT closes fifth secondaries fund on $4.5bn hard-cap
GP had a target of raising $3.75-3.80bn for the fund, and is larger than its $2.8bn predecessor
BC Partners forms €1bn single asset fund for Springer Nature stake
BC acquired a majority stake in the academic publisher in 2015 via its 2011-vintage BCEC IX fund
HPE forms €160m continuation fund for fintech platform PPro
Firms including Coller Capital and Adams Street backed the oversubscribed GP-led deal
Rothschild closes second Five Arrows multi-strategy PE fund on €366m
Fund targets fund investments, late primaries, secondaries directs and direct co-investments
Funds maturing in 2021: what is still in PE and infra portfolios
Unquote and Inframation delve into seven of the largest funds maturing around 2021 to highlight potential M&A and secondaries opportunities
Castik transfers Waterlogic to €700m single-asset fund
Vehicle acquires a majority stake in Waterlogic from Castik's €1bn first fund Epic I
LGT raises $6bn across two secondaries funds
LGT's $1.5bn CSSO II and its $4.5bn CGS V vehicles will target a range of secondaries deals
Montana Capital completes US venture secondaries deal
Transamerica Ventures spinout HighScale Ventures will manage the assets following the sale by Aegon
Industry Ventures Secondary IX closes on $850m
Fund focuses on investments in direct secondaries, LP interests, direct portfolios and tail-end funds
Capital Dynamics Global Secondaries V closes on $786m
Fund invests in a diversified portfolio of global secondaries interests in mid-market private equity funds
Ardian buys LP interest in Bregal Freshstream
Freshstream I is a fund established in 2015 with €600m in commitments, and targets mid-market companies
Register for the Private Debt Secondaries virtual event
Tune in to listen to leading industry participants as they discuss the outlook for private debt secondaries on Thursday 25 March at 2pm GMT
Ergon forms SPV for fire protection business SVT
GP's €270m fund will invest only in the fire protection company, which Ergon bought from IK in 2017
