Asset classes

The LP is exploring the proposition of offloading the stakes amid a secondaries market with record activity.

There are parallels between today’s secondaries market and the M&A market at large, writes Jonathan Graham, Lincoln International’s head of private funds advisory Europe.

The US pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale, Secondaries Investor understands.

CDIB Capital Group has closed its first continuation fund as APAC sponsors become more accepting of GP-led deal structures.

The proposals, to be voted on in February, include the recategorisation of certain private equity assets, the removal of sub-asset class benchmarks and the implementation of new sub-asset class targets.

The firm has its eye on programmatic sellers with its $30bn latest raise for ASF IX.

The secondaries market remains the key mechanism for facilitating changes at speed, says Coller Capital’s founder and CIO.

News of the sale follows the record-breaking close of Ardian’s latest secondaries flagship on $30bn.

Providence’s single-asset deal for Globeducate was one of two deals it was shopping in the market last year, Secondaries Investor understands.

Ardian’s $30bn haul and Evercore’s estimate of $160bn in deal volume suggest the next phase of the market’s development has begun.