News & Analysis

The attractive risk-return profiles of secondaries funds will last as long as buyers continue to acquire good-quality assets at significant discounts, according to research from Seine Capital.

Secondaries activity for CFO bonds is light and could pick up if the stars align.

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms.

With HarbourVest closing on $15.1bn for Dover Street XI, Secondaries Investor takes a look at how the firm’s flagship secondaries vehicles have delivered across IRR, TVPI and DPI.

The Canadian pension giant also acquired interests in two co-investments as part of the transaction.

Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries transactions.

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.

The real estate-focused direct secondaries investor is ‘advancing’ the capacity of a platform it launched last year.

Mid-Market Secondaries III, which is targeting €200m, is the secondaries-focused successor to Select Opportunities Fund II, CEO Eric Deram tells Secondaries Investor.

In taking over from Suyi Kim, Gubbels will become the Canadian giant’s second consecutive female private equity head.