Deals

Blue Earth plans secondaries impact strategy, inks portfolio acquisition

Blue Earth’s secondaries strategy – part of its soon-to-launch multi-strategy fund – has just acquired a portfolio of fund stakes from a UK development finance institution.

KSL Capital sees strong growth ahead after $3bn Alterra single-asset deal

The Morgan Stanley-advised process on ski resort Alterra Mountain was backed by investors understood to include Singapore’s GIC.

Astorg seeks €1bn-plus continuation fund for ‘TIC’ industry asset

The firm has previously tapped the secondaries market to run a €1.3bn single-asset process on investor administration group IQ-EQ.

StepStone buys in VC strip sale with double unicorn exposure

Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.

Washington pension system shops large PE portfolio as secondaries surge

LP portfolio sales led volume last year, clocking in at an estimated $60bn out of a total of $115bn, according to PJT Park Hill’s full-year volume survey.

After offloading PE portfolio, NY State Teachers’ considers real estate secondaries sale

The $138.5bn system recently sold huge stakes of its private equity portfolio.

Ares leads on latest insurance-focused continuation fund

UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.

Inside Houlihan Lokey’s acquisition of Triago

The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.

Top five secondaries deals of 2023

Both LP-led and GP-led deals made it to the list this year as market participants seek innovative ways to access liquidity.

CPP and Lexington take lead on Hayfin’s sizeable strip sale

Hayfin is running a secondaries transaction on an account managed on behalf of BCI, Secondaries Investor has learned.