Deals

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.

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

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

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

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

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

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

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

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

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