News & Analysis

Projections from Alpha Group show that portfolio NAVs would need losses far worse than during the 2008 global financial crisis for the loans to breach key covenant levels.

LPs in the passive index investing firm’s funds will be able to benefit from quarterly liquidity with no fees or caps, chief executive Edward Talmor-Gera tells Private Equity International.

ACP Secondaries 5 is already around 60% deployed and the firm is seeking to capitalise on a lack of liquidity in the underlying private equity market, global chief executive José Luis Molina tells Secondaries Investor.

The multi-asset CV was among several billion-plus GP-led processes that hit the market last year as firms sought to generate distributions for LPs.

Infrastructure/real asset deals accounted for about 6% of the $84bn of GP-led volume last year, according to a Greenhill report.

Eaton launched its GP solutions business in 2023 hiring a team from Credit Suisse.

In the latest edition of our Second Thoughts podcast, the Secondaries Investor team walks through key findings detailed in 2024’s advisory reports on the back of a record year for volume.

CVC Secondary Partners doubled its secondaries deployment year-over-year in 2024, according to its full-year activity update.

GP-led transactions hit $84bn in volume last year, significantly up from $45bn in 2023, according to Greenhill’s Global Secondary Market Review FY 2024.

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.