Deals

Around half the LPs in the 2008-vintage €608m Capvis Equity III rolled over into the continuation vehicle.

The process on Coastal Waste & Recycling was around $90m in size including follow-on capital, Secondaries Investor understands.

Nexus’s fund is young compared to most GP-led deals, though some recent transactions have involved younger assets in what appears to be something of an expansion of the scope of the strategy.

Hamilton Lane led the transaction, the fourth inaugural continuation vehicle in the past two months.

The deal is the second that Glendower has backed in healthcare in recent months, following the €700m DomusVi process last month.

A team is spinning out of emerging markets specialist Capital Group with a portfolio containing unicorns including Didi and Gojek.

Continuation funds, which accounted for 85% of all GP-led transactions in the first half of this year, are becoming a more accepted liquidity option.

The pension giant joined lead buyers Ardian and HarbourVest Partners as well as Partners Group in an Evercore-advised process last month.

The asset management arm of Abu Dhabi’s second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.

Deal closed three months after Secondaries Investor reported the alternatives giant was set to back the transaction.