Deals

GP-led activity is picking up thanks to a decline in exit activity during the pandemic and rising familiarity with the practice.

LPs are beset with a glut of requests for re-ups from their existing managers, in many cases at a much quicker pace than ever before.

Unigestion is also understood to have participated in the transaction involving digital transformation services provider Init.

The asset management arm of the Dutch energy company overcame market volatility to sell a €700m private equity portfolio, though planned to sell more.

As the economy turns downward and the rationale behind GP-led deals changes, the SEC’s fairness opinion mandate could be a good thing for the secondaries market.

With their multiple benefits for both the GP and LP, management-led secondaries are rapidly gathering steam in real estate.

Single-asset continuation fund deals have become so popular several mid-market investment banks have hired or are seeking talent to advise on such transactions.

GHO Capital Partners has moved a company out of its 2015-vintage first fund into a continuation vehicle in a Rede Partners-advised process, Secondaries Investor has learned.

The invasion of Ukraine has driven up the price of energy stakes, creating an opportunity for LPs to sell without having to accept a big discount.

Many managers have concluded they don’t want to lose out on future growth of assets they’ve developed over a number of years, and continuation funds provide a structure to make that happen.