News/Secondaries
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
Secondaries dealflow sees boost from primary fundraising, macro climate – Coller Capital
François Aguerre and Michael Schad also discussed topics including credit secondaries
DPE raises EUR 708m continuation fund for two IT consultancies
German GP’s new vehicle backed by AlpInvest, HarbourVest Partners and Pantheon Ventures
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
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
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
Equistone chooses continuation fund route for Sicame
GP had considered ownership options for the electricity distribution products and services provider
LPs' net returns highest since financial crisis – Coller Capital
Secondaries specialist’s Summer 2022 Barometer shows that half of LPs want to increase their allocation to alternatives, with 91% still committing to PE first closes with incentives
Silver Investment forms continuation vehicle for PTF
Selling investors have made returns of 6x their original investment in the precision parts producer
ICG heads for secondaries fund close, new strategy launches
GP plans to launch specialised life sciences and US PE strategies depending on market conditions
Re-Pie to raise single-asset fund for Muslim fashion retailer
Turkish GP will onboard investors to the fund until 31 May; proceeds will back Modanisa’s expansion
Glendower eyes new secondaries fund
London and New York-based secondaries firm was acquired by CVC Capital Partners in 2021
Pamplona to liquidate LetterOne-backed funds, to sell LP stakes in cut-off process
GP to begin formal wind down process on three funds after sanctions hit the LP’s Russian backers
Equistone considers moving Sicame to continuation fund
GP is also studying a potential refinancing of the French electricity distribution products and services provider
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
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
