Secondaries
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
Secondaries Preview: Strong LP stakes dealflow, strategy specialisation to come in 2023
With some managers overexposed to single-asset GP-led deals, secondaries GPs are taking stock of opportunities for next year
DC Advisory launches GP Secondaries practice with hire from Elm Capital
Michael Wieczorek will head the new practice, leveraging synergies with DC's other sponsor mandates
Pantheon eyes second GP-led secondaries fund
Predecessor vehicle in the Secondary Opportunities strategy raised USD 624m in 2021 and has a two-year investment period
Second-hand: could continuation vehicles become ‘SPACs of 2022’?
As the pace of secondary fundraising and deals gains momentum, some challenges start to arise
GP Profile: Tyrus Capital plans secondaries deployment drive
Mature and tail-end secondaries opportunities on the rise with motivated sellers seeking to organise their portfolios, Gunter Waldner tells Unquote
Flexstone gears up for new secondaries fund
Filing for new vehicle follows GP's promotion of head of secondaries last month
Adelis raises continuation vehicle for SSI Diagnostica
New fund, with StepStone as lead investor, allows infectious test manufacturer to buy US peer TechLab
StepStone Group gears up for next Tactical Growth Fund
Predecessor primary, secondaries and co-investment vehicle held a final close in 2021 on USD 690m
Novum places MMC Studios in continuation fund
New vehicle will allow German GP to complete wind-down of Fund I; DWS Private Equity added as anchor investor
Unigestion holds EUR 900m final close for fifth secondaries fund
Fund is more than three times the size of its predecessor and is more than 50% committed
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
