News/Secondaries
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
CD&R forms USD 4bn special-purpose vehicle for Belron stake
CD&R is also selling part of its stake to existing backers, including Hellman & Friedman
Emeram forms EUR 100m continuation fund for Boards & More
Coller Capital has led the deal, joined by existing LPs from Emeram's 2013-vintage debut fund
Most LPs seek to improve co-investment appeal – Coller Capital
Coller Capital's winter 2021-22 Global Private Equity Barometer covers topics including secondaries
StepStone announces leadership transition
Scott Hart becomes sole CEO, while Monte Brem is to be named executive chairman
Ufenau registers third continuation vehicle
Switzerland-headquartered Ufenau Capital Partners invests in services-focused SMEs
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
