Deals

Hamilton Lane, Coller co-lead healthcare continuation vehicle

Legend Capital raised $270m for a transaction involving Chinese healthcare assets from two older funds.

Spring Bridge, Hollyport back Brentwood restructuring

The GP-led specialists have led the formation of Brentwood Associates Opportunity Fund with assets from the managers’ two previous vehicles.

Secondaries Investor Advisory Survey 2021: Advisors fight back from pandemic pause

Presenting the results of our exclusive survey of advisors’ deal activity last year based on transaction volume, GP-led/LP sale split and more.

HarbourVest, Ardian emerge as buyers on General Atlantic GP-led

Large deals have helped drive volume since last year in what has continued to be a brisk secondaries market in the general economic recovery.

Goldman leads process on Asian real estate giant

Investors in Hopu Masterfund II can roll into a continuation fund with real estate investor and operator GLP China or sell their stakes in a deal that could be worth as much as $2bn.

UPDATE: Secondaries firms – who owns what?

Ares Management’s agreement to buy Landmark Partners could be the latest in a chain of consolidation moves in the secondaries industry. We examine the ownership of firms that comprise our SI 30 ranking to see who might be next.

China’s Buhuo completes yuan restructuring as it eyes international capital

Buhuo is the latest Chinese GP using secondaries to raise capital from what is perceived to be a more stable LP base than those at home.

Ardian and New Mountain end $2bn-plus GP-led after Blue Yonder acquisition

With assets live in the market, outside buyers occasionally swoop in and make better offers, upending months of work building consensus on the secondaries deal.

Leonard Green completes one of the largest-ever GP-led secondaries deals

The deal is one of the high-profile secondaries in the market this year helping to push activity volumes that some expect to reach record highs by year-end.

Sponsors accept ‘first dollar loss’ to counter rich GP-led terms

Buyers are proposing fresh ways of ensuring sponsors stay aligned, according to a panel at PEI’s Investor Relations, Marketing & Communications Forum.