Private equity

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.

Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.

Pacific Equity Partners has deployed around 60% of its evergreen wealth product into overseas GP-leds, managing director Alex Ovchar tells Secondaries Investor.

All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.

TPG believes its GP solutions platform will scale similarly to the firm’s other PE strategies, says CEO Jon Winkelried.

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.

While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?

The $550m multi-asset fund highlights the increasing adoption of the CV technology among mid-market sponsors.

LP portfolio transactions deals don’t ‘play to the strengths’ of the Northern European powerhouse’s active ownership model, according to CFO Kim Henriksson.

The firm’s 2024 Global Fund Program raised just over $1bn.