Western Europe

LPs are right to be worried about the ‘Uber-isation’ of private markets

Retail capital focuses on liquidity and consistently high returns – factors that don’t always found the basis of a long-term partnership in private markets.

Longer hold periods stretch GPs’ plans

LPs have started raising concerns about their GPs’ value creation plans for those portfolio companies sitting within older funds, writes Giovanni Legorano. So, are long-held assets receiving enough TLC?

Patria expects to surpass secondaries target by up to 20%

The firm’s Secondary Opportunities Fund V is the first vehicle raised since Patria acquired Aberdeen’s European private equity business.

Hg taps former CPPIB exec for secondaries role

UK-based software specialist Hg joins a growing number of direct private equity shops launching secondaries strategies as the segment of private markets continues on its growth spree.

Moelis hires two from Rothschild amid ongoing advisory build-out

The investment bank has hired an executive director and vice-president, both based in London, Secondaries Investor has learned.

ILPA: Retail vehicles could fundamentally affect GP-LP alignment, industry’s long-term health

Growth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.

Top-quartile CVs continue to prove their outperformance over buyout funds – Evercore

Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.

Coller sells minority stake to State Street

Coller Capital and State Street Investment Management will work together to broaden access to the secondaries market, according to Coller CIO and managing partner Jeremy Coller.

TPG, CVC and Partners Group line up on €2bn single-asset CV-on-CV deal

Montagu Private Equity’s latest CV is one of the largest single-asset deals to come out of Europe this year as GP-led secondaries activity continues in earnest in the region.

Carlyle AlpInvest buys in on GBL’s €1.7bn portfolio sale

Belgian holding company Groupe Bruxelles Lambert has confirmed its unit GBL Capital will no longer make new commitments as it secures a dozen transactions.