Covid-19, oversubscribed funds fuel interest in early secondaries
Early secondaries are tipped to become more plentiful in the coming months, as some LPs will want to offload undrawn liabilities while buyers look for alternative ways to get into oversubscribed, must-have funds. But market observers urge caution to mitigate the pitfalls of the strategy, writes Alessia Argentieri
More on Secondaries
Oakley Capital transfers IU Group to continuation fund
Secondaries investors including HarbourVest and TPG have backed the GP-led deal for the Germany-based private university
Maguar marks first exit with HRworks move to continuation fund
EUR 235m in total equity has been raised to further grow the company via organic strategies and bolt-ons
Charterhouse transfers Sagemcom to AlpInvest-backed continuation fund - filings
GP will make a return of over 5x MOIC on the deal for French telecoms business
Bencis raises EUR 123m continuation fund for group of Fund IV assets
Secondary deal was led by Committed Advisors and will provide backing for future growth of four portfolio companies
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Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater