Secondaries
Secondaries sea change: Backing your winners
What was once the preserve of the underperformer is now shifting towards the prized asset
Coller, Glendower et al. shortlisted for CPABF secondaries mandate
US pension fund is looking to commit to two funds, allocating $25m to each
Tender offer now out in Permira IV's GP-led process
Current offer is part of a GP-led secondaries process – which began last year – for the remaining assets of Permira IV
Secondaries deal volume up 7% in 2019 – research
Setter Capital's latest research reveals continued momentum in private equity secondaries, with 2020 set to be another record year
Pantheon on road for next credit secondaries fund
First fund closed on €250m in February, with commitments from German LPs only
StepStone names secondaries-focused Johnston as partner
Adam Johnston is a member of StepStone's private equity secondaries practice
US pension set to back Pantheon secondaries fund
Pantheon Global Secondaries Fund VI has a focus on GP-led transactions in Europe and North America
Tikehau closes GP-led secondaries process with Five Arrows
Secondaries process of six balance-sheet assets was tied to the fundraise for Tikehau Growth Equity II
US pension earmarks $25m for private debt secondaries
Augusta-based MainePERS has invested 3.5% of its portfolio to alternative credit
Hamilton Lane backs Legend Capital fund restructuring
Continuation fund is backed by institutional investors and has a five-year holding period
Verdane acquires Eden portfolio
Deal is the first in the UK from Verdane Capital's tenth fund, which closed on SEK 6bn in January 2019
IPEM TV 2020: direct investing still tricky, says Coller's Francois Aguerre
Aguerre explains why co-investments will likely remain a preferable option for large LPs
Direct lenders eye secondaries market for first-gen funds
Several European direct lenders are speaking to secondaries advisers about running processes on older vintage funds
Ion Pacific targets $150m for VC secondaries fund
Firm focuses on direct secondaries and LP interests in VC funds, as well as GP recapitalisations
ICG closes third secondaries fund on $2.4bn
ICGSE III targets secondaries transactions, with a primary focus on complex fund restructurings
Fund focus: Lexington targets growing Asia secondaries market
GP's ninth fund closed on $14bn, above its $12bn target, and will target secondaries opportunities in Asia
Unigestion launches Secondary V
Latest vehicle will target non-auctioned small and mid-market secondaries opportunities
NYSCRF backs secondary special situations fund
New York State Common Retirement Fund (NYSCRF) has committed $400m to secondary special situations and new private lending investments in Asia-Pacific, according to documents seen by Unquote.
Secondaries prices remain strong in Europe amid global dip – research
Setter Capital's latest report reveals a dip in transaction prices for LBOs, funds-of-funds and venture secondaries
Stafford launches €750m infra secondaries fund
Fourth core infrastructure secondaries fund is set to be twice the size of its predecessor
Pantheon Global Secondary Fund VI to close in 2020
Pantheon's latest vehicle, Global Secondary Fund VI, is expected to hold a final close in 2020, Unquote understands.
Lexington closes ninth fund on $14bn
Vehicle is now the largest secondaries fund ever raised, with Ardian aiming to top it
Greenspring closes VC secondaries fund on $800m
Fund targets investments in expansion-stage companies as well as LP interests
Rede appoints Goodlad as head of transactions
Magnus Goodlad will replace Yaron Zafir, who has stepped down from his role and will act as senior adviser