Deals

Labyrinth Capital Partners takes ‘rifle-shot’ approach to GP-led secondaries

The growth-stage secondaries specialist, which is premarketing a $300m Fund III, draws on its founder’s 20 years of experience to provide liquidity to GPs thirsty for DPI.

Dawson emerges as a buyer on HVPE’s portfolio sale

Two buyers have lined up on the deal run by HarbourVest’s publicly listed investment trust, which is generating net proceeds of $300m from the sale, Secondaries Investor has learned.

SQ Capital races to $400m first close for debut strategy – updated

Former Blackstone dealmaker Mustafa Siddiqui’s firm, which launched in January, completed its first CV with K1 Investment Management and has since made three further investments, Secondaries Investor understands.

Kline Hill steps up on single-asset CV for German fitness chain

The deal gives NORD Holding’s All Inclusive Fitness an enterprise value of over €500m, according to a statement seen by Secondaries Investor.

Bullish managers expect to utilise GP-leds more in the coming years – DC Advisory

The GP-led market is predicted to reach about $93bn in total volume this year, according to a report.

CVs unlikely to ‘disappear’ because GPs ‘recognise their viability’ – TPG

CVs continue private equity’s history of innovation and evolution and will likely become part of the asset class’s long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

‘Project Royal Eagle’: GIC portfolio sale could reach $3bn

The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.

Why some CV processes don’t cross the finish line

Issues around pricing, alignment and the absence of a lead investor can complicate matters, a conference has heard.

Healthcare specialist Amulet Capital runs CV-on-CV process for US Fertility

The single-asset process is part of what looks to be record-setting secondaries activity this year that appears headed for more than $200bn of total volume.

Brookfield recapitalises $220m Swedish light industrial portfolio from EQT

Brookfield’s Real Estate Secondaries fund is almost fully deployed and the manager is in the market to raise a second one.