Deals

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.

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

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

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

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.

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

While there are a growing number of dedicated vehicles, the infrastructure secondaries market is undercapitalised.

French investment firm Peugeot Invest is offloading 35 PE funds to rebalance its portfolio.

Without new capital coming in, the firm is considering an extensive continuation fund process that would extend its ability to make new investments.

Last quarter saw 11 continuation vehicles close, with a dozen more hitting or looking to hit the market, according to data gathered by Secondaries Investor.