Deals

LP terms disclosed for New Mountain’s continuation fund

Active GP members in the New Mountain team will roll all of their proceeds into the CV, according to LP documents.

Secondaries Investor CV Deal Log full-year 2024 – updated

Last year saw 70 continuation vehicles close, with scores more hitting the market, according to data gathered by Secondaries Investor.

Charlesbank runs single-asset process on autism therapy business

Continuation funds represented about 13% of sponsor-backed exit volume last year, the report said, up from 12% in 2023, according to BlackRock’s 2024 activity report.

HarbourVest leads Graham Partners’ CV on Gatekeeper

Deal highlights the increasing adoption of CV technology by mid-market sponsors, which have been strategically utilising more highly concentrated CVs than multi-asset vehicles.

Malaysia’s EPF shops $1bn portfolio

The pension fund’s portfolio is the latest LP-led deal to come out of the APAC region.

Coller’s RMB fund leads on multi-asset GP-led deal

The APAC secondaries market is expected to have a strong 2025, and buyers in the Chinese market have an advantage.

CPP Investments returns to secondaries market with $1bn-plus portfolio

The Canadian pension fund joins the likes of CalPERS, PSP Investments and World Bank in bringing a sizeable portfolio sale to the secondaries market.

Taiwanese insurer Nan Shan Life shops sizeable portfolio

The Taiwanese insurer’s portfolio sale deal could be around $2bn in size, Secondaries Investor has learned.

AlpInvest emerges as lead on Bain Capital’s $2bn CV

The multi-asset CV was among several billion-plus GP-led processes that hit the market last year as firms sought to generate distributions for LPs.

GI Partners runs $1bn-plus CV process on data centre business Flexential

Infrastructure/real asset deals accounted for about 6% of the $84bn of GP-led volume last year, according to a Greenhill report.