Deals

Ardian steps up as buyer on PSP’s $1bn-plus portfolio sale

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

TPG emerges as buyer on Providence’s education-focused CV

Providence’s single-asset deal for Globeducate was one of two deals it was shopping in the market last year, Secondaries Investor understands.

Secondaries volume hits record high of $160bn – Evercore

Transaction volume last year was significantly up from $114bn in 2023, with both LP-led and GP-led transactions hitting new highs.

Florida SBA’s sale shows credit secondaries are at start of significant ramp-up

The US public pension’s offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.

Partners Group, Port Adv, Goldman back debut VC continuation fund

Trinity Ventures’ deal involves moving 15 assets from its 11th flagship fund to a separate vehicle.

Ardian, Blackstone and Pantheon line up as buyers on Shin Kong’s fund sales

The deals come as Taiwanese insurers cut their private market exposure in anticipation of a new regulatory capital regime set to begin next year.

Top five secondaries deals of 2024

The secondaries market anticipates 2024 will be a record year for volume, with first-half figures coming in at between $68bn and $72bn.

ICG makes public-to-private CV play in TowerBrook, CD&R de-listing deal

The $1.2bn secondaries transaction involves R1 RCM, a healthcare sector revenue cycle management services provider.

Kline Hill, Barings partner up again to co-lead single-asset CV for Havis

The deal marks the first continuation vehicle for Guardian Capital Partners.

StepStone backs separate multi-asset deal on back of Gyrus’s single asset

The firm was a participating investor in a single-asset CV for Essential Pharma.