Deals

Japanese secondaries buyer taps up to 50% discounts in global tail-ends – updated

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

CPP Investments backed stapled deal with healthcare-focused Avista

The Canadian pension giant also acquired interests in two co-investments as part of the transaction.

CPP Investments emerges as backer of Cinven single-asset CV

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.

‘We wouldn’t rule out a CV in the future’: SMBC’s EMEA levfin head on its €450m fund

Pantheon took the lead on SMBC’s secondaries transaction to seed a private credit fund.

How FSN Capital overcame ‘scepticism’ to run continuation fund process

The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.

Lexington steps up as lead in Clearlake’s $1bn Constant Contact single-asset

Secondaries Investor reported in June that the technology, industrial and consumer-focused firm was working with Evercore on a transaction.

Court Square runs single-asset process with Evercore, Goldman advising

Co-advisory mandates have become an increasingly common trend in continuation fund deals.

Wellspring gave sale option to co-investors in SupplyOne, its biggest CV asset

Co-investment stakes included in GP- and even LP-led secondaries have become more prevalent as even direct investing LPs seek liquidity in the slow exit environment.

Blue Owl and Pantheon emerge as leads on Altamont’s CV for Taco Bell franchise – updated

The single-asset continuation fund deal, which is around $400m-$625m in size, is in the process of closing, Secondaries Investor understands.

Pantheon leads on SMBC’s secondaries deal to seed €450m private credit vehicle

A strip of performing loan investments have been moved off SMBC Group’s balance sheet to establish a new fund, according to a statement seen by Secondaries Investor.