Secondaries
Secondaries GPs expect record 2022 – Investec
Fifth Secondaries Market Report also reveals that 97% of secondaries investors are participating in GP-leds
FirstAvenue appoints Chronias as capital solutions group head
Nick Chronias will lead the firm’s focus on private credit and private infrastructure secondaries
Equistone chooses continuation fund route for Sicame
GP had considered ownership options for the electricity distribution products and services provider
LPs' net returns highest since financial crisis – Coller Capital
Secondaries specialist’s Summer 2022 Barometer shows that half of LPs want to increase their allocation to alternatives, with 91% still committing to PE first closes with incentives
Silver Investment forms continuation vehicle for PTF
Selling investors have made returns of 6x their original investment in the precision parts producer
ICG heads for secondaries fund close, new strategy launches
GP plans to launch specialised life sciences and US PE strategies depending on market conditions
Re-Pie to raise single-asset fund for Muslim fashion retailer
Turkish GP will onboard investors to the fund until 31 May; proceeds will back Modanisa’s expansion
Glendower eyes new secondaries fund
London and New York-based secondaries firm was acquired by CVC Capital Partners in 2021
Pamplona to liquidate LetterOne-backed funds, to sell LP stakes in cut-off process
GP to begin formal wind down process on three funds after sanctions hit the LP’s Russian backers
Equistone considers moving Sicame to continuation fund
GP is also studying a potential refinancing of the French electricity distribution products and services provider
BEX Capital raises USD 765m for Fund IV
Secondaries fund-of-funds remains open for no-fee, no-carry investments from NGOs and non-profits
Ufenau moves Corius and Altano to continuation fund
Bought in 2017, the dermatology and vet groups have been transferred into the Swiss GP’s third continuation vehicle
GED completes Vitro exit in single asset vehicle deal
GP reaps gross return of 4.0x invested capital and 38% IRR; deal follows sale of Vitro subsidiary to trade in January
BlackRock eyes new Secondaries & Liquidity Solutions fund
Strategy makes global mid-market secondaries deals and provides liquidity at GP level
HV Capital forms EUR 430m continuation vehicle for 2010-2015 funds
Investments from HV IV, HV V and HV Coinvestment Fund, including FlixMobility, will be transferred
Coller to close USD 1.4bn debut credit secondaries fund
GP launched its first dedicated secondaries fund in May 2021 and has commitments from around 30 LPs
Golding holds EUR 280m close for first secondaries fund
Fund will target small- and mid-cap LP stakes and GP-led secondaries, and has made 14 deals to date
Nordic Capital exits Vizrt; reinvests via secondary vehicle
Vizrt's revenues doubled during Nordic Capital's six-year tenure, driven partly by the 2019 acquisition of US peer NewTek
CD&R forms USD 4bn special-purpose vehicle for Belron stake
CD&R is also selling part of its stake to existing backers, including Hellman & Friedman
Emeram forms EUR 100m continuation fund for Boards & More
Coller Capital has led the deal, joined by existing LPs from Emeram's 2013-vintage debut fund
Most LPs seek to improve co-investment appeal – Coller Capital
Coller Capital's winter 2021-22 Global Private Equity Barometer covers topics including secondaries
HSBC closes secondaries fund on more than USD 1bn
HSBC had previously raised USD 1.34bn for its first secondaries fund
StepStone announces leadership transition
Scott Hart becomes sole CEO, while Monte Brem is to be named executive chairman
Ufenau registers third continuation vehicle
Switzerland-headquartered Ufenau Capital Partners invests in services-focused SMEs
