Deals

Churchill and 50 South lead on Frontenac’s single-asset CV

The asset was ‘a particularly strong fit to pursue a continuation vehicle’, managing partner Ron Kuehl tells Secondaries Investor.

StepStone heads to market with latest VC secondaries fund

The fundraise comes as the same time as the firm has taken the lead on a healthcare-focused single-asset continuation fund transaction.

Single-asset continuation funds made up bulk of H1 GP-led activity

GP-led transactions comprised 39% of secondaries transaction volume in the first half, according to Greenhill’s H1 2023 secondary market review.

StepStone Real Estate, BKM form partnership through GP-led deal

The transaction comes at a time when the opportunity set for real estate secondaries investing is shifting.

Wellspring Capital explores process for several assets, including SupplyOne

GP-led deals, which once dominated volume, have taken a back seat to LP portfolio sales, which represented the majority of transactions in the first half of the year.

Permira gets into secondaries via fund acquisition of AltamarCAM

The large minority transaction is a rare example of a GP stakes purchase via a non-dedicated fund.

Horsley Bridge runs $1bn-plus tail-end sale on older funds of funds

LP volume is said to be the main type of deal that buyers are interested in right now, along with select GP-led processes for top assets.

Charterhouse confirms close of Sagemcom CV with AlpInvest backing

The transaction is the second the UK-headquartered buyout firm has closed this year after its single-asset process involving SERB.

Apollo’s S3 spearheads $1bn-plus Apogem co-investment secondaries deal

While demand for such deals is high, activity has only been steadily increasing this year amid price discrepancies and a limited capital base.

Pantheon backs £551m fund to further foster three infra assets

Featuring three assets from its first fund, the new vehicle closed oversubscribed and with an all-new group of investors.