Deals

Ham Lane and StepStone pick up BNP insurance arm’s PE and infra sale

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

Ares acquires its largest credit secondaries portfolio to-date

The portfolio was offloaded by a US-based institutional seller and comprises over 1,500 loans.

Morgan Stanley, Hayfin back CV on Nordic GP Impilo-owned healthcare asset

KKR bought a portion of the asset through a separate M&A process, which is understood to have been used to anchor pricing that the Evercore-advised CV transaction was based off.

TriSpan engages Goldman for single-asset CV for restaurant chain

The process highlights the potential use of GP-led technology for longer holds on restaurant chain businesses.

Blackstone emerges as buyer on Fubon Life’s $1bn-plus infra stake sale

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

Bain Capital runs $1bn-plus GP-led across five companies

Buyers have explored the deal and at least two firms are understood to have emerged as potential backers.

Dawson picks up Dutch pension manager MN’s €1.5bn portfolio sale

MN brought the portfolio of private equity fund stakes to market this year, affiliate title Buyouts reported over the summer.

GTCR launches single-asset CV for AssuredPartners

The deal highlights how continuation funds are filling the void in the exit market when traditional exit routes remain subdued.

Goldman and BlackRock among buyers in Amberjack’s energy CV

The $200m deal is one of the larger energy-focused multi-asset CVs that have closed in the secondaries market.

Ham Lane, StepStone lead on single-asset deal for software company

The continuation fund is the second time St Louis-based Thompson Street Capital has used the GP-led secondaries market.