Deals

Roughly half of the CV’s value is concentrated in two portfolio companies, Secondaries Investor understands.

Endowment sales ticked up in the first half of this year to around 15% of overall LP sales, according to Campbell Lutyens’ half-year volume report.

The firm’s deployment so far this year is already 25% higher than its full year total for 2024.

Hans Swildens weighs in on Industry’s sale to Goldman Sachs, who the most active sellers in the venture secondaries market are, the current NAV discount for venture assets and more.

Clean-up deals have continued to grow as even traditional secondaries shops seek to close out older pools and deliver proceeds to long-time investors.

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

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

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.

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.

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.