Asset classes

QHP’s pharma single-asset delivers 10x for selling LPs

This is at least the second time the mid-market healthcare-focused firm has run a CV to extend its hold of a top-performing asset.

New Mountain says sector focus gets it ‘ahead of processes’ to find opportunities

New Mountain Atlas is more than just the secondaries hires it has made, with the unit seeking to lead and co-lead GP-led buyout deals with the help of its sector teams, co-head Neal Costello tells Secondaries Investor.

University of California shops $3bn LP portfolio in major sale

The system’s process marks the latest instance it has sought liquidity in the secondaries market.

Japan secondaries shop to close debut fund near hard-cap

RGCM Fund I will have the flexibility to invest in both direct secondaries and primary funding rounds.

TPG seeks to re-establish Japan PE presence, adds secondaries professional

The firm is undertaking multi-asset expansion in the country that includes TPG NewQuest’s first Japan-based secondaries hire.

ADIC shops $2bn-plus portfolio of fund stakes

Private markets comprise around 61% of Abu Dhabi Investment Council’s investment portfolio.

Ares leads on two European mid-market CVs

Fremman’s fund for nursery operator Kids Planet is over £400m in size, while MCH has raised €300m for a vehicle to house a frozen baked goods asset, Secondaries Investor understands.

Canada’s Overbay plans first overseas office

The LP secondaries specialist became a Charlesbank Capital Partners portfolio company this month.

Maine outlines plan for cutting private equity target, GP relationships

The pension fund is set to make its second cut to its PE target in four years, with the LP suggesting it may make secondaries sales in specific scenarios.

Overbay receives backing from Charlesbank funds

Overbay will retain control and independence of all investment activities following the investment.