Private equity

Ex-Blackstone exec’s firm makes K1 single-asset CV its debut transaction

SQ Capital was the lead buyer of the $160m CV for portfolio company TeamDynamix, understood to have been run in an off-market deal with no bankers involved.

ICONIQ Capital closed $1.8bn clean-up as asset managers turn to managed portfolio sales

Clean-up deals have continued to grow as even traditional secondaries shops seek to close out older pools and deliver proceeds to long-time investors.

Harvard: Secondaries sales ‘not signs of constraint or liquidity concerns’

LP-leds are a function of ‘disciplined portfolio management’, according to HMC chief executive NP Narvekar.

Democratisation & Transparency: How alternative assets are readying for individual investors

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

Davis Polk: Retail push can complement traditional funds

There is now proof of concept that institutional and retail products can successfully be managed side by side, say Davis Polk’s Andrew Ahern, Oran Ebel, Christopher Healey and Leor Landa.

Market sentiment towards retail opportunities heats up

Private markets’ enthusiasm for the retail space is no fleeting trend, according to data from recent industry studies.

How tech could drive the next wave of democratisation

Further technology advances are required to truly unlock the potential of the private wealth market.

Do private markets require a rebrand?

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

How the rise of CVs is driving new firm formation: Caroline Dallas of GEM

Dallas ascribes a strong environment for new firm formation to a few factors, including, perhaps surprisingly, the rise of continuation funds, along with growing LP appetite.

Bregal taps GCM Grosvenor exec as head of secondaries

The hire comes as the investment firm builds out and identifies lower mid-market LP- and GP-led opportunities.