Deals

AlpInvest’s ‘musical quartet’ fund interest ABS enchants investors

A diverse collateral mix of secondaries, portfolio finance and co-investments helped the Carlyle unit close above target on $1bn.

Lexington and StepStone step up as buyers on impact manager Ambienta’s CV

Milan-based Ambienta is seeking a single-asset continuation fund, which will be classified as an Article 9 vehicle under the EU’s SFDR, Secondaries Investor has learned.

LGT leads Australian GP Armitage’s $100m+ concentrated continuation fund

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.

Astorg and Eurazeo to take lead on Ardian’s €500m-plus CV

Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg’s first deal for its single-asset strategy.

Blackstone was sole buyer of PSERS’ secondaries sale

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

Five Arrows and TPG step up as lead buyers on Eurazeo’s continuation fund

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.

Apax scraps option of sizeable continuation fund for multiple companies

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.

GP-led volume expected to hit record year – DC Advisory

Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.

Why an Aussie buyout shop has embraced global single-asset secondaries

Pacific Equity Partners has deployed around 60% of its evergreen wealth product into overseas GP-leds, managing director Alex Ovchar tells Secondaries Investor.

BlackRock’s GIP seeks over $1.7bn CV to house stake in UK airport

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.