Secondaries
Headway hits €372m hard-cap for fourth secondaries fund
Fund targets direct secondaries, structured secondaries, GP restructurings and co-investment secondaries
Pantheon to invest in KD Pharma in single-asset restructuring
Capiton IV has sold a stake in its portfolio company, Omega-3 producer KD Pharma
HarbourVest, Hamilton Lane in Bridgepoint Europe IV restructuring
Bridgepoint Europe IV, which closed on €4.8bn in 2008, still holds a number of assets
Secondaries volume up 25% in H1 – research
Setter Capital's latest research reveals a sizeable uptick in private debt deals, though private equity secondaries still dominate the market
Fairview Capital launches to advise on GP-led secondaries
Firm will be led by the former international head of Park Hill Group, Pablo Calo
Three Hills makes €192m secondary deal, supported by Idinvest
Three Hills offers LPs the option to reinvest in continuation vehicles or sell to Idinvest
DeA Capital acquires stake in asset manager Quaestio
DeA Capital Alternative Funds also buys the Quaestio NPL unit, which manages the Atlante funds
Glendower closes fourth secondaries fund on $2.7bn
SOF IV is the first fund since Glendower's spin-out as an independent secondaries firm in 2017
Hollyport targets close for secondaries fund
Vehicle is targeting $750m with a hard-cap of $1bn, double the size of the GP's previous fund
Capiton explores single-asset restructuring for KD Pharma
Park Hill is advising on the GP-led secondaries process, which is expected to close in July
LPs worry about alignment issues in GP-led secondaries – survey
Four out of five respondents in the latest Coller barometer highlight it as their biggest concern
Saga closes fund-of-funds on €600m
Vehicle was launched in March 2018 with a €700m target and held a first close on €170m
GPs get picky on LP-led secondaries
Approved-buyers lists have emerged as a way for GPs to assert their power, but may not become commonplace just yet
Unquote Private Equity Podcast: Sotheby's to PEbay
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses the evolution in the secondary market
Emeram completes €50m capital increase for first fund
Buyers include Arcano Capital, Schroder Adveq, Unigestion and Lombard – all new investors
Korea Post hunts for secondary PE managers
Korean LP is interested in closed-end commingled funds with a minimum size of $1bn
Lexington requests extension for seventh fund
Firm has asked for a one-year extension to complete the wind down of the portfolio
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
Secondaries in Private Equity
Unquote analysis of the secondaries market is now available for download
Contrasting fortunes: debt and venture secondaries
Private debt secondaries have the wind firmly in their sails, while the longer-established venture secondaries space is still an acquired taste
Video: catching up with Pantheon's Helen Steers
Steers shars her insights on emerging managers, the current fundraising environment, Pantheon's focus on secondaries, and more
Draper Esprit buys stakes in Earlybird funds
Draper Esprit will fund the acquisitions by issuing up to £100m in new shares on the AIM segment of the London stock exchange
Coller backs $1bn secondaries deal for Investcorp
Investcorp will transfer six deals that were completed on a deal-by-deal basis into a new vehicle
Investcorp transfers companies worth $185m to secondary fund
Deal will provide the companies with fresh capital and HarbourVest's active support
