Private equity

New opportunities are arising for LPs, but there are ongoing pain points to address.

The deal gives NORD Holding’s All Inclusive Fitness an enterprise value of over €500m, according to a statement seen by Secondaries Investor.

CVs continue private equity’s history of innovation and evolution and will likely become part of the asset class’s long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.

Australian VC secondaries specialist SecondQuarter sees a multi-billion-dollar gap in the local market, managing partner Ian Beatty told Secondaries Investor.

Another CV failure has recently grabbed headlines. The secondaries market is limited on publicly celebrating its wins.

The fund will primarily focus on single-asset CV transactions, with additional flexibility to pursue multi-asset CVs and LP-led opportunities, Secondaries Investor has learned.

Issues around pricing, alignment and the absence of a lead investor can complicate matters, a conference has heard.

The single-asset process is part of what looks to be record-setting secondaries activity this year that appears headed for more than $200bn of total volume.

Why conditions in the private markets impact investing space could finally be ripe for secondaries activity.