News & Analysis

GPs are looking to hold on to their prized assets for longer than ever, but repeated continuation vehicles are bound to invite questions from existing and prospective investors.

The European mid-market firm, which has £11bn in AUM, is looking to move four UK-based assets into a new vehicle, Secondaries Investor understands.

The move comes two years after the launch of Dawson’s first overseas office in London.

As traditional private equity houses enter the secondaries market en masse, more GPs are building up their capabilities to run ‘DIY’ continuation vehicle processes in-house.

In this episode of Secondaries Investor’s Second Thoughts podcast, Nigel Dawn, Leor Landa and Yann Robard examine what’s behind the rise of specialised strategies and what will drive more capital towards non-generic opportunities.

Partial exits, continuation funds and NAV loans helped bring the industry’s cashflow to breakeven in 2024, according to Bain’s latest global private equity report.

With market watchdogs looking more closely at private asset pricing, affiliate title Private Equity International spoke to managers of semi-liquid funds about their valuation methods.

The Mumbai-headquartered asset manager recently closed its debut secondaries fund above target on 50bn rupees.

Late last year, it emerged TowerBrook had used a continuation fund in a transaction to delist its portfolio company R1 RCM from NASDAQ.

While $1bn portfolios are a more common factor in the market today, New York City’s sale stands apart as among the largest of all time.