News/Secondaries
Ergon forms SPV for fire protection business SVT
GP's €270m fund will invest only in the fire protection company, which Ergon bought from IK in 2017
Secondary pricing flies high for infra funds; venture sees big jump
Across all strategies, highest prices are paid for 2016-2018 vintages, Setter Capital research shows
Passion Capital closes venture secondaries deal
Fund closed in 2011 on £37.5m but now boasts a NAV north of £100m
Schroder Adveq registers fourth secondaries fund
Both a US dollar-denominated and a euro-denominated vehicle have been registered
Eurazeo receives €340m in commitments for growth continuation fund
Investors commit to a newly created continuation fund that will acquire a 32% stake in Eurazeo Growth
Ion Pacific nears first close for VC secondaries fund
Hong Kong-based manager is expecting commitments of roughly $40m at first close for the global fund
Moonfare, Lexington launch digital secondaries platform
Platform will enable smaller investors to put their secondaries stakes up for sale
Pantheon promotes four to partner
Petra Bukovec is a member of Pantheon's secondaries team and is based in London
Keyhaven promotes Mouawad to partner
Specialist private equity secondaries firm focuses on the lower-mid-market
Kline Hill Partners' third secondaries fund now 40% deployed
Kline Hill Partners Fund III held a second and final close on its $450m hard-cap in April
Aberdeen secondaries fund on track for early 2021 final close
Secondary Opportunities Fund IV has raised more than half of its $500m target
MCH sets up continuation fund to retain Europastry stake – report
Spanish GP rules out an exit of the patisserie business via either a stake sale or an IPO
OakNorth Bank provides fund facility to BlueGem
Key investors include Glendower Capital, Blackstone's Strategic Partners and BMO Global Asset Management
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
Rede's Yaron Zafir joins Asante
Zafir left Rede earlier this year, after heading the firm's secondaries activities
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
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
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
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
