Western Europe

Ardian, with $30bn war chest, emerges as buyer of large portfolio shopped by APG

The €590bn Dutch pension manager’s sale is a re-engagement with the market after the system pulled a similar offering last year.

Netley raises $315m for strategy focused on acquiring stakes in secondaries funds

The firm, which was founded by former Cinven dealmaker Caspar Berendsen, will seek to acquire interests in funds that have underlying investments in mid- and large-cap PE buyout vehicles.

Strong appetite for small CVs driven by finite number of mega-deals – Reach Capital

While more buyers are coming into the smaller end of the CV market, there remains less competition compared with larger deals creating room for steeper discounts, according to a report.

UBS hires DC Advisory exec to lead Europe secondaries advisory

The development comes a week after it emerged that UBS’s former EMEA head Sandro Galfetti had joined Houlihan Lokey.

TDR secures latest European single-asset CV for gym chain

Buyers on the deal include Coller Capital, Apollo S3, CVC Secondary Partners and Hollyport Capital.

TPG takes lead on VC firm JVP’s $290m single-asset CV

Rolling investors into the new fund include Partners Group, HighVista Strategies, Committed Advisors and Hollyport Capital, according to a statement.

AlpInvest closes latest secondaries programme on $20bn

ASP VIII attracted over 325 global investors across pension funds, insurance companies, asset managers and other types of LPs.

Hamilton Lane launches global secondaries-focused evergreen fund

The fund has collected $365m, which is nearly double its launch target.

How to build a secondaries business

Over the past five years, some private equity shops have shunned their illiquid mentality to launch their own secondaries businesses. Can they give the market’s mega-managers a run for their money?

Houlihan Lokey hires UBS’s former head of EMEA advisory

A US-based managing director will join Sandro Galfetti to head up the investment bank’s GP-led advisory business in Europe out of London.