Private equity

Processes involving oil and gas assets have seen 2x oversubscribed interest with cashflow yields between 20-30%.

LPs are turning to the secondaries market to address liquidity constraints amid improved pricing, as compelling supply/demand dynamics and structural innovations help fuel LP-led dealflow.

Clean Growth VI is 60% invested and its first distributions are scheduled for later this month.

Nine out of 10 secondaries firms expect to see more capital from wealthy individual investors in their next funds, according to research from Investec.

The €255bn unit of French financial giant BNP Paribas Group wants to sell a bundle of private equity and infrastructure stakes, Secondaries Investor has learned.

The Dutch pension giant had brought a portfolio worth $2bn-$3bn to market, Secondaries Investor reported in June.

The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritised over those of incoming ones.

Going beyond standard commitment expectations in continuation fund transactions can help sponsors demonstrate alignment.

The change in name comes three years after the private equity giant acquired a 60% stake in the secondaries specialist.

Some LPs not in need of liquidity use the secondaries market as a way to tweak their portfolio’s construction, which is the case with IMCO.