Deals

ADIA, Apollo, Neuberger Berman co-lead Tikehau continuation fund

Tikehau has raised more than €1bn for smart infrastructure company Egis.

Hong Kong Jockey Club seeks to offload $500m portfolio

Sports-focused foundation joins a number of APAC institutions seeking liquidity via the secondaries market this year.

ICG leads General Atlantic’s $1bn-plus CV for wealth management asset

The deal highlights GA’s ongoing use of CVs and ICG’s focus on single-asset transactions.

AlpInvest, Ardian emerge as lead buyers on Stone Point multi-asset CV

The firm wants to move around eight assets into a separate vehicle to extend their hold periods.

Novacap runs CV process on Revau as part of ‘transformative’ strategic acquisition

Novacap acquired Revau in 2020 through its first financial services fund, which it closed in 2021 on C$417m.

Pantheon leads DevCo single-asset CV worth more than €500m

DevCo, which typically holds onto assets for 15 years, ran another sizeable continuation vehicle last year.

LGT Capital, BlackRock emerge as buyers for €400m multi-asset CV

The heavily oversubscribed fund will hold two assets Seven2 has minority stakes in.

Coller backs Motion’s €215m CV for natural health asset

French private equity firm Motion acquired Olyos in 2018. It will move the asset into a new vehicle as it seeks to capitalise on M&A and growth opportunities.

LGT Capital co-leads on $500m multi-asset CV for Hong Kong’s IDG – updated

This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.

Ardian, Carlyle AlpInvest, HarbourVest and Lexington lead on Norvestor’s €2bn+ CV – updated

One of the assets in the two-company continuation fund is housed within an existing multi-asset CV closed in 2022, Secondaries Investor has learned.