Deals

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.

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

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

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

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

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.

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

CVC Secondary Partners doubled its secondaries deployment year-over-year in 2024, according to its full-year activity update.

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.

Liquidity remains a main focus in the industry as exit activity has yet to pick up after a multi-year slump.