North America

The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.

Pennsylvania Public School Employees’ Retirement System’s sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.

Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.

All players – GPs and LPs – are getting more sophisticated in the CV world, and the processes around these deals will continue to evolve.

Credit and real estate secondaries could see $7bn and $11bn of deal volume each this year, per advisory reports.

TPG believes its GP solutions platform will scale similarly to the firm’s other PE strategies, says CEO Jon Winkelried.

In this podcast episode, Second Thoughts host Madeleine Farman and Americas correspondent Hannah Zhang talk through the spaces to watch in secondaries as end-of-year activity surges.

The oversubscribed vehicle is more than $300m larger than its predecessor.

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.