North America

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

The tariff uncertainty may lead to ‘extended timelines’ in dealmaking as buyers and sellers digest the impact, according to a report from Campbell Lutyens.

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.

Here are responses from industry thought leaders including Goldman Sachs, Carlyle, Apollo and NYCRS across areas such as dealmaking, fundraising and secondaries.

The mid-market firm associated with global advisory group Alvarez & Marsal is the latest to join an increasingly competitive buyside landscape.

The hire comes a month after NYCRS closed a more than $5.5bn sale to Blackstone Strategic Partners.

While fundraising figures in the first quarter were lofty, most of the capital raised came from Ardian’s record-breaking close in January.

The multi-strategy investor and secondaries specialist built the programme to teach GPs and LPs how to find alternate routes to liquidity outside of IPOs and M&A.

The firm is investing its $2.5bn Ashbridge Transformational Secondaries Fund II, which closed in 2023.

Brentwood Associates’ latest secondaries process follows a fund restructuring deal undertaken by the PE firm in 2021.