News/Secondaries
Kibo Ventures forms continuation vehicle for debut fund
HarbourVest is backing the restructuring of the 2012-vintage fund, which has reported 25% IRR
StepStone registers next Secondary Opportunities fund
Firm held a final close for SSOF IV on USD 2.1bn in early 2020
Capvis sets up first ever continuation vehicle for fund III assets
Three remaining assets in the 2008-vintage funds are Hessnatur, Arena and Kaffee Partner
Secondaries activity rebounds to record USD 55bn in H1 – survey
Direct secondaries account for the majority of transactions for the first time ever, says Setter Capital
Capiton raises top-up single asset fund for KD Pharma
GP completed its first single-asset deal for KD Pharma in 2019, having acquired the company in 2013
PGIM to acquire Montana Capital Partners
Founders Marco Wulff and Christian Diller will continue to head the Switzerland-based secondaries GP
Triago bolsters secondaries team with two NYC hires
Michael T Pilson and Marc Fitorre join as partner and principal, respectively
Aliante Partners secures preferred equity with Pomona
Deal includes a liquidity option for LPs and a second preferred equity line for add-on acquisitions
BC Partners forms €1bn single asset fund for Springer Nature stake
BC acquired a majority stake in the academic publisher in 2015 via its 2011-vintage BCEC IX fund
HPE forms €160m continuation fund for fintech platform PPro
Firms including Coller Capital and Adams Street backed the oversubscribed GP-led deal
Montana Capital completes US venture secondaries deal
Transamerica Ventures spinout HighScale Ventures will manage the assets following the sale by Aegon
Ardian buys LP interest in Bregal Freshstream
Freshstream I is a fund established in 2015 with €600m in commitments, and targets mid-market companies
Register for the Private Debt Secondaries virtual event
Tune in to listen to leading industry participants as they discuss the outlook for private debt secondaries on Thursday 25 March at 2pm GMT
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