Private equity

‘The returns have been very strong over time in this area, and that’s making it attractive to investors,’ COO Jonathan Gray said of Blackstone’s secondaries business.

The transaction involves a continuation fund-like structure, Secondaries Investor understands, and includes an option for backers of the UK investment trust to roll into a new fund, filings show.

CVC is the latest manager to seek out a large continuation fund for a Europe-headquartered asset, Secondaries Investor has learned.

Tikehau has raised more than €1bn for smart infrastructure company Egis.

An LP that reinvests the proceeds into a first-quartile fund would see their portfolio outperform the value of holding the tail-end asset by year two – even assuming a 20% discount, according to research from Upwelling.

The endowment increased its 2026 policy target for private equity, looking to hit a 30% allocation mark in coming years.

Sports-focused foundation joins a number of APAC institutions seeking liquidity via the secondaries market this year.

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

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

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