News & Analysis

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.

The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.

Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.

The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.

Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg’s first deal for its single-asset strategy.

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.

The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.

Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.