Deals

Federated Hermes secures $600m pref equity deal from Carlyle AlpInvest

Horizon II, a private equity mandate Federated Hermes was awarded by the BT Pension Scheme, has received the LP-interest financing.

HarbourVest, Blackstone, Pantheon to buy in Yale’s PE portfolio sale

The overall buyers on the deal could account for a portfolio of around $3-$4bn, Secondaries Investor understands.

QHP Capital runs single-asset CV process for pharma company – updated

It’s not the first time that the North Carolina-based PE firm has run a CV to extend its hold of a top-performing asset.

Mirova ‘wrapping up’ fundraising for €100m continuation vehicle

Mirova first invested €150m in TagEnergy in 2022.

PAI Partners seeks cherry on top with second CV for ice cream maker

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

Ares leads on Antares’ $1.2bn credit continuation vehicle

The deal allowed Antares to acquire its 100 underlying first-lien, floating rates loans.

Malaysia’s Khazanah mulls $1bn-plus portfolio sale

Khazanah joins a number of APAC sellers this year, with Malaysia’s EPF and China Investment Corp also looking to offload portfolios.

StepStone emerges as buyer for Taiwan Life’s PE portfolio sale

The deal marks another notable transaction by a Taiwanese insurer following Fubon Life’s over $1bn sale of a private market portfolio.

Flexstone Partners mulls running secondaries process in future on pan-Asia fund of funds

Flexstone Partners Asia Selection III is now fully subscribed for by the firm’s majority shareholder, Natixis Investment Managers, and will invest its capital over the coming years, chief executive Eric Deram tells Secondaries Investor.

Fubon Life sells PE, infra fund stakes worth more than $1bn

Part of the portfolio, which includes exposure to Advent International and Antin Infrastructure Partners, was picked up by Hamilton Lane.