Deals

University of California shops $3bn LP portfolio in major sale

The system’s process marks the latest instance it has sought liquidity in the secondaries market.

ADIC shops $2bn-plus portfolio of fund stakes

Private markets comprise around 61% of Abu Dhabi Investment Council’s investment portfolio.

Ares leads on two European mid-market CVs

Fremman’s fund for nursery operator Kids Planet is over £400m in size, while MCH has raised €300m for a vehicle to house a frozen baked goods asset, Secondaries Investor understands.

CPP Investments comes to market with multi-billion-dollar PE portfolio

The $3bn-plus portfolio sale dubbed Project Ember includes a portion of equal strips to buyout funds, Secondaries Investor understands.

GP-leds boost exits for Azalea’s offerings

Temasek’s Azalea Investment Management expects more GPs to use the technology to crystallise liquidity for LPs, according to managing director Justin Keh.

GIC emerges as lead buyer on Meridiam’s €2bn+ CV

The structure will consist of a portfolio of 22 infrastructure assets that are held by the firm’s legacy funds.

Blackstone Strategic Partners leads on EQT’s evergreen CV for EdgeConnex

The vehicle is expected to be $2bn in size once it is formally established, with room to get larger over time, Secondaries Investor understands.

Meridiam amasses over €2bn for European infra CV fund

The vehicle includes 22 infra assets, spanning highways, high-speed rail, hospitals, university accommodation and low-carbon solutions.

CVC buys into M&G’s $1bn-plus managed fund deal

The deal sees a portfolio of private equity interests move into a new vehicle run by M&G.

Adams Street and Lexington lead Vitruvian’s $1bn+ fundraise

The vehicle, named Andantino AV, has some CV components and houses Vitruvian’s ownership in four assets, Secondaries Investor understands.