Chris Witkowsky

The deal marks the second continuation vehicle process Meridiam has undertaken this year, with GIC backing its prior €2.2bn deal.

The firm has been raising its first pool focused on GP-led deals, collecting about $1.4bn on a $2bn target, PEI Secondaries Investor understands.

The process follows a larger deal the endowment secured last year, where it offloaded between $3bn-$4bn of private equity stakes with pricing in the mid-90% of NAV.

After years of buying and selling secondaries as an allocator, Yangge Seaman believes that while institutional investors often have the appetite and capital to pursue deals, they aren’t able to follow through. Her new firm, Gordian Investment Group, aims to bridge that gap.

The CV for a Netherlands-based industrials asset will see around €1bn-€1.2bn of new equity with a ‘significant amount’ of rollover, PEI Secondaries Investor understands.

Assessing a quick-flip continuation vehicle on the asset’s hold period alone is an imperfect metric.

The SaaS provider has generated large returns following Summit's initial investment, with LPs given a range of options to roll or cash out during the CV process, Secondaries Investor understands.

An Evercore vice-president joins as managing director and will lead the construction of Moelis's LP-led secondaries business with three others, Secondaries Investor understands.

There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.

The deal gives Plaza more time with StackAdapt amid AI disruptions, with the firm's investment considered one of the high-returning Canadian venture deals of all time.