Deals

StepStone, Greykite strike largest-ever deal with €1.5bn recap

In conjunction with the transaction, StepStone has increased its record-breaking SREP V secondaries fundraise to €5.3bn.

Industry Ventures acquisition ‘very on strategy’ for Goldman

The investment bank is ramping up its push into private wealth, focusing on distributions and unique product offerings.

Former Rothschild advisory MD joins Netley as co-founder

Alvaro Rosado joins the tertiary shop as it closes its first investment, acquiring around $140m of interests in funds managed by two prominent secondaries buyers.

La Caisse shops NA and APAC exposure on secondaries market

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

Goldman Sachs leads on Tailwater single-asset deal

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.

Hamilton Lane leads on €300m single-asset CV from Main Capital

The CV from enterprise software investor is the latest deal from Europe, a region that continues to be on a GP-led tear.

Carlyle AlpInvest, HarbourVest and Pantheon lead on ECI’s £600m CV

The deal marks at least the third European CV backed by Carlyle AlpInvest and HarbourVest this year.

Dawson backs $2bn+ pref equity deal with Thrivent

The deal is the largest Dawson has completed and comes as the firm continues to raise its largest flagship vehicle to date.

PAI closes on CV with manager’s equity deal reaching €3.6bn

The wider deal, including joint venture partner Nestlé’s own equity portion, is €6.5bn in size, Secondaries Investor understands.

GIC: Continuation fund returns ‘not bad’

Continuation funds ‘need to be managed quite carefully, with a lot of communication and conflict management’, according to GIC’s Asia PE head Ankur Meattle.