Western Europe

Federated Hermes secures $600m pref equity deal from Carlyle AlpInvest

Horizon II, a private equity mandate Federated Hermes was awarded by the BT Pension Scheme, has received the LP-interest financing.

UBS’s head of EMEA secondaries to depart

The investment bank is the latest adviser to see one of its senior leaders depart as market moves continue in earnest.

The opportunity surrounding uncertainty

In the latest edition of our Second Thoughts podcast, Pomona’s chief executive Michael Granoff and Proskauer partner Galen Lewis discuss what’s driving LPs to the secondaries market and how uncertainty is impacting investment decisions.

Over half of LPs seek to buy and sell LP-led positions on the secondaries market – Coller

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

‘Not everyone can do evergreen funds’: Ardian to push into ‘40-Act market

The Paris-headquartered firm deployed $13bn into secondaries and primaries in 2024, with the average transaction size from its $30bn flagship reaching $2bn, according to its annual report.

Mirova ‘wrapping up’ fundraising for €100m continuation vehicle

Mirova first invested €150m in TagEnergy in 2022.

PAI Partners seeks cherry on top with second CV for ice cream maker

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

Dawson bulks up with asset management hires

The firm has made three new hires this year across its Toronto and London offices.

Brookfield’s sponsor solutions co-head departs firm

Mark McDonald joined Brookfield when the asset manager in 2023 bought Deutsche Bank’s specialist secondaries unit that he led.

CVs offer lower return dispersion compared with buyout funds – Evercore

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.