Deals

Tech-focused Nordics investor Alder has moved two assets into an Article 9 continuation vehicle.

Arcmont sees ‘an enormous benefit’ to the burgeoning credit secondaries market and is open to dealing with its traditional private debt competitors in the future, CEO Anthony Fobel tells Secondaries Investor.

TowerBrook has ‘spent considerable money, time and resources’ transforming the professional services business across its four-plus year hold, managing director Walter Weil tells Secondaries Investor.

This is at least the second time the mid-market healthcare-focused firm has run a CV to extend its hold of a top-performing asset.

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

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

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.

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

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

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