Private equity

Sebastien Siou, who has prior experience at Whitehorse Liquidity Partners and CPP Investments, joined the LP secondaries firm this month.

The buyout and growth firm is the lead buyer in the GP-led deal – the latest example of a non-secondaries firm backing a secondaries deal.

Dealmaking is due for a comeback this year with the return of financial sponsors and more demand for liquidity, according to a panel at IPEM Cannes.

UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.

The Paris-headquartered buyout shop is ‘absolutely ready to do a deal’, having secured capital for investments, co-heads Michal Lange and Sebastiaan van den Berg tell Secondaries Investor.

Liquidity from the system’s PE portfolio dropped off over the past two years.

The secondaries giant’s ASF IX launched in February 2022 and is seeking north of $20bn.

Buyers need to understand the fundamentals of Chinese secondaries before evaluating discounts, according to Coller Capital’s Zhan Yang.

The firm this week opened an office in Singapore, its sixth in the Asia-Pacific region and 27th globally.

Committed Advisors Secondary Fund V surpassed its target and is significantly larger than its €1.6bn predecessor.