Deals

AlpInvest emerges as lead buyer on TJC’s $2bn+ multi-asset CV

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

Partners Group to back Portobello CV on hotel chain asset

The asset, BLUESEA Hotels, aims to become the market leader in three- and four-star hotels and resorts in Spain.

US family office backs single-asset deal on single-asset fund

Council Ring Capital, a single-family office founded by the Mills family, led the deal with Finnish GP DevCo in a transaction that Coller Capital also backed.

Advent mulls single-asset CV for tech company Xplor

The CV process places Advent among a group of PE powerhouses that are exploring similar processes for their software companies.

Aquilius leads A$200m recap for Australia’s Serenitas

Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and Pacific Equity Partners last year for A$1.01bn.

Nebraska Investment Council advised to sell in TJC’s multi-asset CV

The assets in the process run by the firm formerly known as The Jordan Company ‘do not appear to have the ability to generate outsized returns’, according to adviser Aon.

Lexington, Apollo and CVC Secondary Partners to back Gryphon’s continuation fund for Vessco Water

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

Providence seeks continuation fund for education group Globeducate

Providence agreed to sell part of its stake in the group to listed investment firm Wendel in July.

Credit secondaries remains hot as Coller steps up on $1.6bn GP-led

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

Kian Capital partnered with fund LP Apogem to extend hold over SPATCO Energy

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, according to Kian managing partner Kevin McCarthy.