North America

Banner Ridge targets $3.2bn for sixth secondaries flagship

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, Secondaries Investor has learned.

iCapital: Evergreens need a secondaries market

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.

Neuberger leads Trinity Hunt’s SPV for asset held in existing CV

The SPV is set to finance the growth of portfolio company, Argano, and support shareholder buybacks to consolidate Trinity Hunt’s ownership of the asset, Secondaries Investor understands.

Inside secondaries’ expansion into private wealth

In this episode of our Second Thoughts podcast, senior leaders from Lexington Partners, Proskauer and StepStone Group discuss the burgeoning space and the impacts of capital-raising efforts there on the secondaries market.

Demand for infrastructure secondaries leads to meaningful growth – Stafford

Geopolitical tensions and liquidity strains could lead to a 50% year-over-year volume increase.

Expanding GP-led market can help RE secondaries’ steady, continued growth – CBRE

The manager’s latest report estimates RE secondaries saw more than $24bn in volume last year.

HarbourVest secures $865m for latest infra secondaries raise

While the firm missed its $1bn target, the vehicle was almost double the size of its predecessor which closed on $456m in 2019.

Buyers emerge on Incline Equity Partners’ $300m single-asset CV

LGT Capital Partners and Future Standard have lined up as buyers on a company Incline acquired two years ago, Secondaries Investor understands.

GTCR runs $1bn single-asset CV for Consumer Cellular

The Chicago-based firm previously ran a continuation fund process on insurance company AssuredPartners, which was later sold in an M&A deal.

HighVista runs complex clean-up deal as liquidity creativity proliferates

Unlike more traditional continuation fund deals, no assets or fund stakes are being rolled into a new vehicle in this deal.