Private equity

LTO Fund IV beat its target by 28% and raised capital from both institutional and private wealth investors.

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.

CFOs of private markets managers discussed at a recent event the challenges – and opportunities – they face in light of the explosive growth of the secondaries market.

Managing partner Stephan Wessel has been promoted to CEO with the firm hiring a new managing partner to lead its North America growth.

The mid-market manager is seeking to move four assets into a new vehicle, Secondaries Investor has learned.

While some believe exit activity will pick up this year along with overall investment activity, PE-backed assets held in older funds continue to grow.

Strategic Partners will soon begin fundraising for the successor to Strategic Partners Fund IX, which closed on $22.2bn in January 2023.

The strategy will include raising a separate fund from New Mountain’s flagship vehicle.

The LP is exploring the proposition of offloading the stakes amid a secondaries market with record activity.

There are parallels between today’s secondaries market and the M&A market at large, writes Jonathan Graham, Lincoln International’s head of private funds advisory Europe.