Private equity

CV deal makes up considerable portion of Froneri’s €6.5bn equity deal

Secondaries buyers have lined up to back the deal, which is set to close this month, Secondaries Investor understands.

The CV alternative when growth is the objective

The growth and adoption of mid-hold equity is expanding the capital market toolkits of GPs and providing an alternative to single-asset CVs when an extended investment runway for portfolio company growth is the primary goal, write Audax’s Kumber Husain and Daniel Green.

ADIA jumps on secondaries opportunities as market soars

The sovereign wealth fund deployed significant capital into secondaries opportunities across private equity and infra last year.

Ardian, with $30bn war chest, emerges as buyer of large portfolio shopped by APG

The €590bn Dutch pension manager’s sale is a re-engagement with the market after the system pulled a similar offering last year.

GTCR runs $1bn single-asset CV for Consumer Cellular

The Chicago-based firm previously ran a continuation fund process on insurance company AssuredPartners, which was later sold in an M&A deal.

HighVista runs complex clean-up deal as liquidity creativity proliferates

Unlike more traditional continuation fund deals, no assets or fund stakes are being rolled into a new vehicle in this deal.

Netley raises $315m for strategy focused on acquiring stakes in secondaries funds

The firm, which was founded by former Cinven dealmaker Caspar Berendsen, will seek to acquire interests in funds that have underlying investments in mid- and large-cap PE buyout vehicles.

Adams Street targets mid-market PE with latest evergreen launch

The semi-liquid fund aims to provide ‘diversified access to high-quality private growth companies’ through direct and secondaries, per a statement affiliate title PEI has seen exclusively.

AlpInvest closes latest secondaries programme on $20bn

ASP VIII attracted over 325 global investors across pension funds, insurance companies, asset managers and other types of LPs.

Hamilton Lane launches global secondaries-focused evergreen fund

The fund has collected $365m, which is nearly double its launch target.