Private equity

Mid-market-focused secondaries firm SQ Capital was launched in January by Blackstone’s former global head of GP stakes Mustafa Siddiqui.

As traditional exits remain sluggish this year, GPs are getting creative in finding ways to deliver liquidity to limited partners in older funds.

Navis Capital Partners has moved some of its holdings in a portfolio of Southeast Asian education assets into a $230m continuation fund.

The university will continue to actively seek new relationships with PE firms, a spokesperson told Secondaries Investor.

The two continuation funds involve four assets from Leonard Green’s 2011-vintage Green Equity Investors VI, which NIC backed in 2011.

In this podcast, PEI Group editors discuss what GPs say they’re focusing on amid the trade war-induced uncertainty, how the secondaries market stands to benefit, and how investors are reacting to the volatile environment.

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.

Here are responses from industry thought leaders including Goldman Sachs, Carlyle, Apollo and NYCRS across areas such as dealmaking, fundraising and secondaries.

The mid-market firm associated with global advisory group Alvarez & Marsal is the latest to join an increasingly competitive buyside landscape.

Amid the widespread adoption of continuation funds, an LP’s ability to roll into a fund is becoming more important.