Asset classes

Longer hold periods stretch GPs’ plans

LPs have started raising concerns about their GPs’ value creation plans for those portfolio companies sitting within older funds, writes Giovanni Legorano. So, are long-held assets receiving enough TLC?

Hg taps former CPPIB exec for secondaries role

UK-based software specialist Hg joins a growing number of direct private equity shops launching secondaries strategies as the segment of private markets continues on its growth spree.

HarbourVest leads on $1bn single-asset CV for vet services company

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

Top-quartile CVs continue to prove their outperformance over buyout funds – Evercore

Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.

Carlyle AlpInvest buys in on GBL’s €1.7bn portfolio sale

Belgian holding company Groupe Bruxelles Lambert has confirmed its unit GBL Capital will no longer make new commitments as it secures a dozen transactions.

Sustainability: Managers double down on value creation and metrics

After an era of exuberance, expansion and ‘rockstar’ roles, sustainability in private markets is being more closely tethered to value creation.

Ardian: More to come for APAC LP-led secondaries

The firm, which has opened an office in Hong Kong, closed at least five such transactions in the region this year, according to Jason Yao, head of Greater China.

Coller flagship has reached $10bn target as it eyes end-of-year close

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

Hollyport’s ninth flagship closes above hard-cap

The vehicle from the tail-end secondaries specialist is the latest vehicle to smash its fundraising goal this year.

NYU endowment shops small portfolio amid rise in private markets sales

Endowment sales ticked up in the first half of this year to around 15% of overall LP sales, according to Campbell Lutyens’ half-year volume report.