Secondaries
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
Allianz holds EUR 520m first close for PE fund
Private equity fund will invest alongside Allianz's core private equity programme
Pantheon raises USD 624m for GP-led secondaries programme
Unquote recaps the fundraise and investment strategy with managing partner Paul Ward
Committed Advisors closes CAPF I on EUR 161m
Primaries, early secondaries and co-investment fund is intended to extend the GP's existing strategy
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