North America

Carlyle AlpInvest closes second single asset-focused fund on $1.7bn

The vehicle, which surpassed both its $1bn target and its $345m predecessor, benefited from LPs’ increased sophistication around CVs, Carlyle AlpInvest’s Julian Rampelmann says.

Rising confidence fuels real estate secondaries dealflow

A growing cohort of institutional investors are turning to real estate secondaries as global buyers look for exposure to in-demand asset classes.

‘Self-liquidating’ helps Arctos make a $6.2bn GP financing debut

The Keystone strategy is expected to remain relevant across fundraising cycles, says managing partner Ian Charles and partner Charlie Tingue.

Ardea Partners taps MD from PJT for secondaries advisory

The move marks the latest in a string of people moves across advisory and buyside players.

Moelis builds out LP-led secondaries with team from Evercore

An Evercore vice-president joins as managing director and will lead the construction of Moelis’s LP-led secondaries business with three others, Secondaries Investor understands.

Patria’s Knechtli: Secondaries dealflow continues to unlock as DPI issues persist

The firm’s focus on smaller-size secondaries has helped differentiate its latest secondaries fund – which recently closed on $677m ahead of its target – from peers, head of secondaries Patrick Knechtli told Secondaries Investor.

BCI seeks ‘good returns’ from newly launched capital solutions strategy

While more LPs are participating directly in CVs and secondaries transactions, such investors remain ‘the exception, not the norm’ in the market, according to BCI’s global head of PE.

From ‘status quo’ to ‘remain in place’: ILPA updates CV guidance for an evolving market

The industry body’s prior guidance was ‘silent on a lot of things’, chief executive Jennifer Choi tells Secondaries Investor.

Kline Hill leads on Plaza Ventures’ CV for digital advertising company

The deal gives Plaza more time with StackAdapt amid AI disruptions, with the firm’s investment considered one of the high-returning Canadian venture deals of all time.

Painswick brings PE focus to single-asset CVs

Painswick Capital views single-asset continuation vehicles as a PE business and has built its firm around that thesis, founder John Garcia and partner James Powers tell Secondaries Investor.