Deals

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

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

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

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

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

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.

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.

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

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

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.