Deals

The buyout shop is making a €300m investment from its latest fund in the process, which values Springer Nature at about $7bn.

Ares’ roster of sponsor and LP relationships will enable Landmark to enter the credit secondaries market, do deals in Asia and raise larger funds.

The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.

The process is one of the largest in the market, rivalling that of New Mountain Capital, which is moving five assets out of its 2007 fund in what could be a $2bn or more transaction.

LP portfolio sales fell to account for around half of total deal volume last year as GP-led processes surged.

Compass Partners built its position in Rodenstock via two direct secondaries transactions funded by secondaries buyers.

East Coast technology and healthcare investor Riverside Partners increased its GP commitment by $4.25m to strengthen alignment.

The secondaries giant has replaced Bregal Investments as the sole LP in the European buyout fund, allowing the GP to complete a spin-out.

Access to information is key in mitigating conflict of interest concerns in secondaries deals, especially GP-leds. Here are five tips.

Already a fast-expanding part of the secondaries market, GP-led deals have rocketed since last summer. We consider the factors igniting growth.