Secondaries set for bumper year as dry powder overhang remains
Market players have high hopes for a busy 2021 on the secondaries front, with dry powder mounting up given the Covid-induced deals backlog. Denise Ko Genovese discusses the latest Cebile Capital secondaries report with managing partner Sunaina Sinha
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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
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
Evolving VC landscape helps fuel venture secondaries
Backing a portfolio of companies after various funding rounds gives comfort to some investors, with valuations seen as more concrete
Latest News
L Catterton acquires Birkenstock
German footwear company is reportedly valued at around €4bn and drew interest from several PE buyers
Hiro Capital invests $15m in three gaming studios
Funding will help the studios expand their development pipelines and accelerate global growth
Partners Group buys Parmaco from Terra Firma-led group
Vendors reportedly sought a valuation of between €800m-1bn for the company
P101 invests €6m in series-B for Bipi Mobility
P101 deploys capital from its Programma 102 and Italia 500 vehicles for the deal