Deals

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

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

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

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

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

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

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

Swiss GP Gyrus Capital originally invested in Essential Pharma in 2019 as part of a family/founder succession plan process.

The New York City retirement systems confirmed that four of the five NYC pension funds are involved in the large LP-led secondaries transaction.

The process involves moving stakes into a new managed fund, Secondaries Investor has learned.