Asset classes

PAI closes on CV with manager’s equity deal reaching €3.6bn

The wider deal, including joint venture partner Nestlé’s own equity portion, is €6.5bn in size, Secondaries Investor understands.

GIC: Continuation fund returns ‘not bad’

Continuation funds ‘need to be managed quite carefully, with a lot of communication and conflict management’, according to GIC’s Asia PE head Ankur Meattle.

Netley Capital’s Berendsen: From potential LP to tertiary player

A conversation with a secondaries player about an LP commitment sparked the former Cinven dealmaker’s idea to launch a tertiary platform.

Why Japan’s $74bn university endowment is leaning into secondaries

The fund has increased its secondaries budget to capture opportunities arising from market uncertainty, says private equity head Yasuyuki Tomita.

iCapital: Evergreens need a secondaries market

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.

Neuberger leads Trinity Hunt’s SPV for asset held in existing CV

The SPV is set to finance the growth of portfolio company, Argano, and support shareholder buybacks to consolidate Trinity Hunt’s ownership of the asset, Secondaries Investor understands.

Golding closes above target for its latest secondaries fund

After more than three years on the road, the asset manager is already looking to launch a successor vehicle.

Belgium’s GBL runs large LP-led process as it looks beyond fund commitments

GBL’s portfolio includes private equity and venture capital exposure with a weighting towards the mid-market, Secondaries Investor has learned.

India’s landmark GP-led marks a 3x return within 18 months

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

Three lead buyers emerge in CVC’s €1bn+ Nordic single-asset CV

The deal marks the latest single-asset process for CVC, which moved Italian online university group Multiversity into a continuation fund last year.