Deals

Adams Street: Buyers must adjust to new risk environment

Strategies that worked well for buyers during the bull market may no longer work, says the investment firm’s head of secondaries Jeff Akers.

Family offices, HNWIs could drive mid-market dealflow

Speaking at PEI’s virtual IR, Marketing & Communications Forum on Wednesday, a buyer said GPs may start to facilitate exits for LPs that want to streamline their portfolios.

British Columbia IMC offloaded large LP portfolio last year

The sale by Canada’s fourth-largest pension comes as it pivots to direct deals and invested a record amount in private equity in the 2019-20 financial year.

Spring Bridge uses secondaries capital to back LaSalle spin-out

The ex-Coller Capital team has led a group of investors in a process that forms Longshore Capital Partners’ debut fund.

AlpInvest set to back Kinderhook GP-led restructuring

The deal could involve around $100m in follow-on capital, Secondaries Investor has learned.

Seedrs banks on secondaries and private wealth to fuel growth

Crowdfunding platform Seedrs is aiming to attract institutional private wealth.

Summit Partners mulls multi-fund GP-led process

The tech investor is considering giving LPs the chance to sell or roll in a deal likely to be worth more than $1bn, Secondaries Investor has learned.

Real estate secondaries in the time of covid-19: Down but not out

High amounts of dry powder, new entrants such as Brookfield Asset Management and a pressing need to extend fund lives could result in the real estate market bouncing back this year.

Demand for newer funds grows as buyers target unfunded

More than four out of five of funds to transact in the first half of this year were 2013-vintage or newer, up from half at the end of 2019.

Pantheon’s credit deal is the tip of an iceberg for secondaries buyers

The tough environment for SMEs and the business development companies that fund them represents an opportunity in a burgeoning strategy.