Private equity

ICG leads General Atlantic’s $1bn-plus CV for wealth management asset

The deal highlights GA’s ongoing use of CVs and ICG’s focus on single-asset transactions.

AlpInvest, Ardian emerge as lead buyers on Stone Point multi-asset CV

The firm wants to move around eight assets into a separate vehicle to extend their hold periods.

Novacap runs CV process on Revau as part of ‘transformative’ strategic acquisition

Novacap acquired Revau in 2020 through its first financial services fund, which it closed in 2021 on C$417m.

Pantheon leads DevCo single-asset CV worth more than €500m

DevCo, which typically holds onto assets for 15 years, ran another sizeable continuation vehicle last year.

Coller backs Motion’s €215m CV for natural health asset

French private equity firm Motion acquired Olyos in 2018. It will move the asset into a new vehicle as it seeks to capitalise on M&A and growth opportunities.

LGT Capital co-leads on $500m multi-asset CV for Hong Kong’s IDG – updated

This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.

CalPERS could look for buyers for covid-era PE investments

While CalPERS has been a net buyer of secondaries in the past, poor distributions from private equity assets in these particular vintage years would cause the LP to look at opportunistic sale processes of certain managers.

Ardian, Carlyle AlpInvest, HarbourVest and Lexington lead on Norvestor’s €2bn+ CV – updated

One of the assets in the two-company continuation fund is housed within an existing multi-asset CV closed in 2022, Secondaries Investor has learned.

Blackstone anticipates its busiest year for secondaries deployment

President and COO Jon Gray expects the secondaries market will continue to grow as LPs seek out liquidity – though he anticipates the ‘re-emergence of M&A activity at scale’ this year.

Neuberger Berman’s Ben Perl: Diversified deployment key to latest GP-led fund

The firm’s second GP-led fund, which closed on $4bn earlier this month, is over four times the size of its predecessor.