Deals

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.

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

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

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

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

The pension has been actively pursuing opportunities in the secondaries market over the past few years.

The deal marks the latest $1bn-plus CV the Luxembourg-headquartered firm has been involved in over the last several months.