Deals

Louisiana Teachers to explore PE secondaries sale

The pension plan is hoping to reduce its allocation to buyout assets, increase its liquidity and cull ‘inactive’ GP relationships.

Secondaries activity expected to pick up in H2 after bumpy first half

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

Kline Hill leads on Plaza Ventures’ CV for digital advertising company

The deal gives Plaza more time with StackAdapt amid AI disruptions, with the firm’s investment considered one of the high-returning Canadian venture deals of all time.

Blue Owl leads Veld Capital’s €355m credit CV

The CV includes follow-on capital to ‘capitalise on a strong pipeline already in place’, according to a statement shared with Secondaries Investor.

Neuberger PE head keen on ‘mid-life solutions’, flags CV concerns

Mid-life investments can offer a solve to generate liquidity and realisations, stepping into the place of CV deals that can be complicated where co-investors have backed an asset, Neuberger’s head of European PE Joana Rocha Scaff says on the latest edition of PEI Group’s Commitment Issues podcast.

LPs fine-tune their use of secondaries

Secondaries are evolving from a problem-solving backstop into a strategic tool for North American LPs navigating liquidity constraints and portfolio complexity.

Oaktree partners with Pantheon to scale European lending

The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.

Project Ember: Ardian and Blackstone buy in on CPPIB’s large portfolio sale

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.

CPP Investments unloads European non-performing loan portfolio

The portfolio is being sold to a newly formed joint venture established between funds managed by Arrow Global Group and Fortress Investment Group.

HarbourVest: Software secondaries getting harder to close

While some software businesses are poised to become stronger on the back of a wave of AI innovation, there will be others that suffer or become obsolete, says managing director Jeff Keay.