Private equity

In episode 10 of the Decade of Secondaries Investing podcast miniseries, we explore the complex dynamics behind why the APAC region is providing compelling dealflow – if you know where to look.

The pair are working on a further four global co-advisory mandates, Alex Bruce and Immanuel Rubin tell Secondaries Investor.

As the continuation fund market evolves and expands, it is inevitable that some of the assets would fall into bankruptcy.

The continuation fund is the second time St Louis-based Thompson Street Capital has used the GP-led secondaries market.

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

The asset, BLUESEA Hotels, aims to become the market leader in three- and four-star hotels and resorts in Spain.

The expansion follows the firm’s first SICAV fund, which raised $130m from Canadian clients.

LGT Capital Partners’ latest vehicle launched in 2022 and had collected $4.38bn as of January.

There is a ‘huge supply/demand imbalance, particularly for larger sized transactions’ which is leading to the firm doing this, according to the firm’s chief investment officer and CEO.

Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.