News & Analysis

In this podcast, two industry veterans discuss the different types of GP stake secondaries transactions, the motivations driving market participants to pursue such deals, and the outlook for this emerging segment of the secondaries market.

The fund will target an even split of LP- and GP-leds, primarily in North America.

While many secondaries investors are willing to join as syndicate participants, few are willing to take on the ‘onerous’ task of a lead investor role in CVs, panellists said at the Fund Finance Association European Symposium held in London.

The fund has increased its secondaries budget to capture opportunities arising from market uncertainty, says private equity head Yasuyuki Tomita.

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, Secondaries Investor has learned.

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.

ADIA has backed Beijing-based GL Capital’s single-asset CV just months after it emerged as a co-lead buyer on Tikehau Capital’s continuation fund.

The resources available to a manager conducting a CV on CV, as well as an asset’s exit prospects are key questions that should be considered, panellists at IPEM said.

The SPV is set to finance the growth of portfolio company, Argano, and support shareholder buybacks to consolidate Trinity Hunt’s ownership of the asset, Secondaries Investor understands.

Secondaries trading as a percentage of overall private markets AUM has sat at 1.5% in recent years, says Blackstone Strategic Partners’ global head Verdun Perry.