News & Analysis

Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.

Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.

Strip sales, along with tender offers, structured/preferred equity and secondary directs, represented around 20% of the about $18bn in GP-led volume in the first half.

The firm’s recent Asia-Pacific secondaries deals include co-leading a single-asset process for Crescent Capital Partners.

It’s a bright picture for investor interest in the strategy, affiliate title Private Equity International’s LP Perspectives 2024 study has found.

AXA Investment Managers Prime has already built a nine-person infrastructure secondaries team and is building out its PE secondaries capabilities, according to global head Pascal Christory.

The market for GP-led deals has been overshadowed by large LP portfolio sales, but certain deals, especially those with what buyers consider high-quality assets, are finding their way to final close.

Rebecca Wu, a former managing director at Landmark Partners Asia, joins as head of investor relations for the region.

Market disruptions can motivate large investors to evaluate how they generate liquidity, oftentimes leading to repeat sales, according to Strategic Partners’ global head.

Buyout firm J-STAR moves four waste treatment and recycling assets into a holding company named Renatus, backed by a continuation fund.