Private equity

More LPs are considering secondaries sales as pricing has strengthened since last year, with high-quality buyout funds capturing pricing at the 90% or higher net asset value range.

Money continues to flow into what many say is the most undercapitalised corner of private markets.

As secondaries activity accelerates, more traditional buyout shops are exploring adding these capabilities.

The European buyout firm is seeking more time and capital to further grow Normec internationally while crystallising returns for investors.

Headway has raised €627m for its latest flagship Headway Investment Partners V, surpassing its €500m target.

The transaction involves five assets coming from three vehicles managed by the Jordan Company, Secondaries Investor understands.

Blackstone’s move to combine its GP stakes and secondaries businesses raises questions about how players in both markets should address potential conflicts of interests.

HarbourVest Partners, LGT Capital Partners and Pantheon backed a $700m single-asset transaction involving the National Stock Exchange of India.

The firm’s incoming CEO aims to provide private wealth investors with access to a full suite of investment strategies, including secondaries.

Reports of the benefits of preferential terms for investors who negotiate and structure a deal may be greatly exaggerated.