Deals

The original size of the portfolio CalPERS brought to the market is understood to be between $2.3bn and $3bn.

The deal is the second between the two firms to provide liquidity to Eurazeo’s LPs while maintaining continuity for borrowers.

As more high-profile secondaries managers get snapped up, there is a ‘scarcity value’ in the strategy, managing director Hannah Gore-Randall tells Secondaries Investor.

The new questionnaire asks GPs to disclose details including transaction terms and asset returns.

EQT has set up an open ended structure for EdgeConnex to support the data centre platform’s long-term growth opportunity, head of business development Gustav Segerberg said on the firm’s full-year 2025 earnings call.

The transaction marks EQT’s entrance into the secondaries market and expansion into insurance offerings, with secondaries doyen Jeremy Coller reporting to chief executive Per Franzén.

A raft of secondaries investors participated in Crescent’s continuation vehicle, including co-lead Allianz Global Investors.

The pair will eye ‘additional areas of collaboration’ amid the insurer’s plans to raise its alternatives exposure.

The secondaries specialist is positioning itself to take advantage of a ‘silver tsunami’ in the US and Europe.

Many GPs have been seeking ways to sort out assets lodged in older funds, with limited partners increasingly seeking liquidity.