Deals

While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

As traditional exits remain sluggish this year, GPs are getting creative in finding ways to deliver liquidity to limited partners in older funds.

Navis Capital Partners has moved some of its holdings in a portfolio of Southeast Asian education assets into a $230m continuation fund.

The university will continue to actively seek new relationships with PE firms, a spokesperson told Secondaries Investor.

The US university that pioneers the ‘endowment model’ is selling its PE investments in the secondaries market for the first time.

The two continuation funds involve four assets from Leonard Green’s 2011-vintage Green Equity Investors VI, which NIC backed in 2011.

The sale follows the close of Ardian’s latest secondaries flagship programme on a record-breaking $30bn.

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.

The Australian superannuation fund, which was looking to sell prior to the US’s tariff announcements, is facing difficulty gauging pricing amid recent uncertainty, head of PE Jenny Newmarch tells Secondaries Investor.

Brentwood Associates’ latest secondaries process follows a fund restructuring deal undertaken by the PE firm in 2021.