Secondaries
Oakley Capital transfers IU Group to continuation fund
Secondaries investors including HarbourVest and TPG have backed the GP-led deal for the Germany-based private university
Maguar marks first exit with HRworks move to continuation fund
EUR 235m in total equity has been raised to further grow the company via organic strategies and bolt-ons
Triton raises EUR 1.63bn for multi-asset continuation fund
Backed by HarbourVest and LGT, TIV CF will hold four Fund VI assets Assemblin, EQOS, Flokk and Unica
Charterhouse transfers Sagemcom to AlpInvest-backed continuation fund - filings
GP will make a return of over 5x MOIC on the deal for French telecoms business
DC adds to secondaries practice with former Mercury Global hire
Sabina Sammartino joins the investment bank around six months after its GP-leds team was launched
Bencis raises EUR 123m continuation fund for group of Fund IV assets
Secondary deal was led by Committed Advisors and will provide backing for future growth of four portfolio companies
Keyhaven eyes Q4 2023 fund launch amidst lower mid-market GP-leds boom
Secondaries firm looks ahead to fourth fund; sweet spot of EUR 50m-100m for deals but can go up to EUR 500m
GP Profile: Hayfin seeks European mid-market opportunities with PE strategy
Launched in 2018 and with EUR 1bn AUM, strategy aims to address GPs’ need for fund and asset-level capital, partner Gonzalo Erroz tells Unquote
Turnstone PE heads for debut fund first close in March
Sponsor formed by ex-Argentum team seeks to raise EUR 100m for vehicle focusing on mature primary and secondary opportunities
Coller Capital joins GPs in search for private wealth allocations
Jake Elmhirst to lead new arm that will tap private banks and wealth managers to distribute GP's products
Brookfield acquires DWS private equity secondaries unit
Asset manager plans expansion into PE GP-leds, bolstering its existing real estate secondaries strategy
IPEM 2023: GPs battle fundraising blues on the Côte d'Azur
Sponsors remain broadly optimistic despite fundraise bottlenecks and a growing number of LPs faced with tough choices on manager selection
Flight to quality, impact investing to drive allocations in 2023 – HarbourVest
Asset manager’s investment team discusses secondaries and co-investment dynamics amid a challenging fundraising market
Arcano holds EUR 450m final close for latest secondaries fund
With just under 50% deployed, the vehicle will split focus evenly between LP stakes and GP-leds
Bellevue eyes Q1 2023 first close for debut secondaries fund
With USD 200m target, vehicle will primarily focus on USD 1m-30m LP stake deals
Arcano holds EUR 280m final close for impact fund-of-funds
Spanish GP is eyeing a second vintage in 2023 with the vehicle more than 50% deployed
Bellevue hires ex-Partners Group trio for new secondaries strategy
Switzerland-based asset manager plans to launch first secondaries vehicle in 2023
Large LPs among most concerned about denominator effect – Coller Capital
As the stock market slump slows down their PE commitments, LPs are set to increase use of the secondaries market to balance allocations
LP stakes trade on wider discounts amid liquidity crunch – Palico
More than half of LP deals were discounted in Q3 2022, reversing the trend seen in Q2, Palico report shows
Nordic exits The Binding Site to trade in 'best ever' deal
GP to reap for 19x money in sale of specialty diagnostics group after 11 years, source says; Five Arrows also exits
Secondaries dealflow sees boost from primary fundraising, macro climate – Coller Capital
François Aguerre and Michael Schad also discussed topics including credit secondaries
BVCA Summit: PEs take long-term view to ride out uncertainty
Unquote reports on discussions around ESG, continuation funds and PE democratisation at last week’s event
Verium moves Toradex, Mobil in Time into continuation fund
Verium I SCS, which closed on CHF 120m, is the family office's first LP-backed fund
DPE raises EUR 708m continuation fund for two IT consultancies
German GP’s new vehicle backed by AlpInvest, HarbourVest Partners and Pantheon Ventures