Deals

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

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.

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

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

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

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

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

Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.

Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.