News/Secondaries
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
Hamilton Lane backs Legend Capital fund restructuring
Continuation fund is backed by institutional investors and has a five-year holding period
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.
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.
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
Standard Life Private Equity Trust outlines 2019 secondaries activity
Fund completed three secondary investments last year
PAI completes GP-led secondaries deal for Fund V
Alpinvest, Goldman Sachs and HarbourVest are lead investors in the new fund
Fairview Capital launches to advise on GP-led secondaries
Firm will be led by the former international head of Park Hill Group, Pablo Calo
Hollyport targets close for secondaries fund
Vehicle is targeting $750m with a hard-cap of $1bn, double the size of the GP's previous fund
Capiton explores single-asset restructuring for KD Pharma
Park Hill is advising on the GP-led secondaries process, which is expected to close in July
