Deals

StepStone leads Gemspring’s CV for chemical distributor company

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.

Warburg lines up lead investors for $2bn multi-asset CV on its own

Some firms have been through large secondaries processes in the past and are more familiar with how they work, according to sources.

HCI closes first CV on two food services assets

The $550m multi-asset fund highlights the increasing adoption of the CV technology among mid-market sponsors.

New Mountain eyes $2.5bn process to extend hold over Real Chemistry

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

PSERS sells $820m PE portfolio as it works to shrink exposure

The portfolio sale included full stakes in assets with vintages of 2013 and older and other partial stakes.

HarbourVest leading $3bn multi-asset CV from General Atlantic

The deal will allow GA to hold onto four assets, including website builder Squarespace.

Canadian giant PSP Investments shops $1bn-plus portfolio

LP sales accounted for about $40bn, or 59% of activity in the first half, according to Jefferies’ half-year volume report.

AlpInvest and Montana lead Ping An’s latest secondaries deal to seed new fund

The process involved moving a portfolio of buyout and growth stakes from North American and European managers into a new vehicle.

Lindsay Goldberg runs single-asset process on Aspire Bakeries

The single-asset continuation fund deal is among many that are keeping secondaries professionals busy and sending the market to what could be record volume levels.

Ardian seeks first continuation fund for its own portfolio company

The Paris-headquartered asset manager is looking to extend its hold on a portfolio company within its mid-cap European Expansion strategy, Secondaries Investor has learned.