Secondaries
EQ Asset Management eager to deploy following double fund close
EQ says it has completed five acquisitions through its secondaries fund since the outbreak of Covid-19
PE secondaries volume cut by more than half in H1 - survey
Private debt fund secondaries were hit even harder with an 81.8% plunge, Setter says
Virtual Briefing: ESG and rebalancing through secondaries
Palico's Woolston Commons, Cambridge Associates' Varco and Unigestion's Newsome discuss whether the current crisis will lead to an ESG rethink
LP Profile: CPP Investments
Unquote picks out key takeaways from CPPI’s latest annual report, and hears from head of PE funds Delaney Brown about the Canadian LP's strategy
Unigestion announces closes for Secondary V and Direct II
Secondary V has held a first close on €228m, while Direct II held a third close on €375m
Rede's Yaron Zafir joins Asante
Zafir left Rede earlier this year, after heading the firm's secondaries activities
Reputational risk, early secondaries help assuage LP default fears
GPs that recently raised are the ones potentially more at risk, but market sources agree widespread defaults would be far-fetched
Providence in single-asset restructuring for HSE24
GP bought a majority stake in the shopping channel operator from Ardian in 2012 via its sixth fund
Schroder Adveq hires Unigestion's van der Kam to head secondaries
Van der Kam was co-head of secondaries at Unigestion and helped build the firm's secondaries platform
Idinvest completes secondaries deal for growth portfolio
Manager has transferred 12 companies into a new fund backed by secondary capital
Secondaries players weigh up risk and rewards of "ring-fencing" deals
GP-led transactions isolating assets hardest hit by the Covid-19 crisis could appeal to adventurous secondaries players, but challenges abound
Video: Coller's Francois Aguerre on PE's reasons to be cheerful
In the third of Unquote's Lockdown series, Francois Aguerre discusses how long-term secondaries prospects are still strong despite the turmoil
Ardian closes eighth secondaries mega-fund on $19bn
ASF VIII intends to provide the necessary liquidity to investors amid the global Covid-19 pandemic
Coller leads $829m GP-led secondary deal for Permira IV
Transaction involves four remaining assets, including Genesys, eDreams and Asia Broadcast Satellite
Unquote Private Equity Podcast: Back for secondaries
When activity begins again, will LPs be willing to take a pricing hit? And where will buyer and seller expectations meet?
DWS putting secondary capital to work in late-stage co-investments
Secondaries player has found that offering a mid-cycle co-invest can be an option for PE-backed assets to capitalise on opportunities
Axa Venture holds €200m first close for Diversified II
AVP Diversified II is the second vintage of AVP's fund-of-funds strategy
2010-vintage funds: what is still in UK portfolios
PE managers now have a number of options available to them when funds near the end of their lifespan
Flexstone appoints new head of secondary investments
Flexstone closed secondaries and co-investment-focused Select Opportunities II on €300m in July 2019
Market braces for 12.6% drop in valuations by Q2 – report
NAVs expected to drop for Q1, with a steeper mark-down for Q2 as the crisis take its toll
Coronavirus: European LPs contemplate course corrections
LPs are not unanimous in their opinion of how the current pandemic will reshape ways of thinking
Secondaries players hold fire despite copious dry powder
Market is likely to pause until Q2 2020 valuations are released, potentially leading to a flurry in Q4
StepStone closes fourth secondaries fund on $2.1bn
SSOF IV's investment strategy focuses on the inefficient segments of the secondaries market
Secondaries: opportunistic buyers ready for fund stakes to hit market
With more sellers coming to market, prices are unlikely to stay at pre-Covid-19 heights, which could in turn encourage more opportunistic buyers