News & Analysis

The firm thinks it can help clients seeking to balance portfolios and manage liquidity due to lower exit volumes, chief executive Christian Sinding said on its earnings call.

The Paris-headquartered asset manager is looking to extend its hold on a portfolio company within its mid-cap European Expansion strategy, Secondaries Investor has learned.

In part two of the Second Thoughts podcast conversation with professionals from AlpInvest, PJT Partners and Stephenson Harwood, we discuss what factors, dynamics and personality traits of those involved help make for stellar transactions.

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

The portfolio was offloaded by a US-based institutional seller and comprises over 1,500 loans.

KKR bought a portion of the asset through a separate M&A process, which is understood to have been used to anchor pricing that the Evercore-advised CV transaction was based off.

A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.

The process highlights the potential use of GP-led technology for longer holds on restaurant chain businesses.

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

The new designation reflects Schroders Capital’s commitment to the increasing GP-led opportunity set, a spokesperson tells Secondaries Investor.