Private equity

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

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

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.

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

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

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

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

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

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.

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