Managers

Evoco raises €162m for Fund III

Evoco has raised €162m to acquire portfolios of companies in the European lower-mid-market, with a particular focus on German-speaking countries.

Secondaries firms for sale, but only while supplies last

Few secondaries firms remain independent after a glut of M&A transactions this year.

AlpInvest backs $1.2bn Thompson Street deal involving multiple funds

The Carlyle Group unit has led a process in the latest example of a sponsor using continuation fund technology for the first time.

CD&R raises the bar with largest single-asset deal on Belron

GP-led secondaries, especially single-asset deals like Belron, have driven the market to what is expected to be record volume levels this year.

How to insure excluded obligations and get a clean exit

Secondaries buyers may find themselves on the hook for sellers’ liabilities. They should look to protect themselves, says Angus Marshall of CFC Underwriting.

AlpInvest to launch preferred equity fund

The vehicle will focus on preferred equity, NAV-based lending and have a pocket to make secondaries investments with sub-private-equity return profiles.

Brazil’s Patria mulls listed continuation fund alternative

The GP with $9.3bn in private equity assets under management is looking at ways to hold on to ‘champions’ for longer, according to CEO Alex Saigh.

LP trades sustain pricing on increasing transaction volume

A stake in CD&R’s 2018-vintage fund sold for 124% of NAV, according to a survey of 52 transactions by Palico, with average pricing of 98.5%.

Coller expands Asian presence with China office, plots RMB strategy

The secondaries pioneer’s Beijing office opened in March and is led by Hong Kong-based partner and head of Asia Peter Kim.

DWS closes debut mid-life secondaries fund

The above-target close is the culmination of a multi-year rebuilding process at the German asset management giant.