Private equity

UK’s Railpen seeks syndicate CV positions to complement primary programme

The pension fund backs single-asset CVs to gain or strengthen relationships with new and existing GPs, investment manager Pravi Prakash tells Secondaries Investor.

Florida SBA to shift away from LP-leds amid lagging secondaries performance

The $219bn system has seen ‘underwhelming’ performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

Impact-focused CVs require added layer of diligence – NPM Summit

Impact-focused LPs may use CVs to ‘lock’ the impact mission of companies, according to panellists at PEI Group’s Impact Investor Global Summit.

Seine Capital closes debut fund above target

The firm, which was founded by Mantra Investment Partners’ former head of secondaries, Fabrice Moyne, exceeded the vehicle’s target by 20%.

Frontenac gears up to sell CV asset MCE

Churchill Asset Management and 50 South Capital co-led the CV to extend Frontenac’s hold of the industrials asset.

The CV blueprint expands

Secondaries Investor’s latest CV deal log shows activity broadening across segments, transaction types and asset classes.

ICG delays launch of mid-market Strategic Equity fund

The firm’s current fund, Strategic Equity Fund V, raised $11bn last year and is the biggest dedicated fund for backing continuation vehicles.

StepStone to adjust fee rates in flagship secondaries funds

The firm will lower fees during funds’ investment periods and then increase them after the period, according to head of strategy Michael McCabe.

Project Ember: Ardian and Blackstone buy in on CPPIB’s large portfolio sale

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.

Pantheon’s Hassanally: Debut CFO unlocks secondaries for constricted investors

The manager’s $1bn CFO created access for insurance investors that had lost the ability to back PE, while offering a compelling capital raising strategy for the firm itself.