Deals

The listed asset manager is moving DomusVi out of its 2014-vintage buyout fund, Secondaries Investor has learned.

The asset manager has extended the life of Archmore International Infrastructure Fund I by two years and given LPs the option to cash out.

The asset management giant has backed a process involving a core-plus portfolio in the Greater Boston area and has infrastructure and private equity secondaries in its sights.

The €270m deal involves German fire protection business svt, an investment made in 2018 by European mid-market buyout shop Ergon Capital.

The deal is leading off a year that many secondary market players expect to be particularly busy with not only GP-led transactions like restructurings but also large, traditional LP portfolio sales.

Buyers are requesting a bigger GP stake in continuation vehicles and cross-fund investments are on the rise, according to the advisor.

Metropolitan’s new owner BentallGreenOak is known within the real estate world for an unconventional diversity, equity and inclusion policy.

There was a ‘significant uptick’ in financing requests for GP-led deals in the third and fourth quarter, according to a survey by the lender.

TPG had appointed the former head of secondaries at CPP Investments, Michael Woolhouse, in July to lead its expansion in North America and Europe.