North America

The process on Coastal Waste & Recycling was around $90m in size including follow-on capital, Secondaries Investor understands.

Niche buyer Felicitas targets fund stakes, direct secondaries, preferred equity and fund financings at the small end of the market.

Community organisers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

Nexus’s fund is young compared to most GP-led deals, though some recent transactions have involved younger assets in what appears to be something of an expansion of the scope of the strategy.

The preferred equity specialist is on track to nearly double its AUM with the latest flagship vehicle.

The firm’s outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.

Hamilton Lane led the transaction, the fourth inaugural continuation vehicle in the past two months.

Landmark Real Estate Partners IX would overtake its 2018-vintage predecessor as the largest secondaries fund raised in the asset class.

The lower mid-market firm was targeting $150m for an overage fund to take advantage of opportunities brought about covid-19.

The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.