News & Analysis

Growth equity assets are seeing ‘pretty good’ bargains, yet the mismatch in valuation expectations may hinder dealmaking.

Hamilton Lane Secondary Fund VI launched in 2021 with a $5bn target and is more than 40% larger than its predecessor.

As more GPs seek alternatives to traditional exit paths for their older investments, continuation funds have grown more popular for certain assets.

As part of the system’s policy established in 2022, the pension has been building exposure to areas of private equity it may have skipped in the past such as smaller funds and growth-focused GPs.

The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.

It will be bigger, bolder and deliver significant networking time in the Florida sunshine.

A quick exit out of a continuation fund can also raise questions about whether a GP knew about a potential exit even while pursuing the continuation fund, or if the offer came out of the blue.

GP-led market could grow to as much as $500bn ‘effortlessly’, AltamarCAM chief executive José Luis Molina tells Secondaries Investor.

AlpInvest chair Ruulke Bagijn and global head of primaries Wendy Zhu say that the Carlyle secondaries unit is seeing higher quality LP-led opportunities come to market.

Longstanding LP relationships and market dynamics helped the firm raise the biggest pool of capital for venture secondaries, according to partner John Avirett.