Western Europe

Rising confidence fuels real estate secondaries dealflow

A growing cohort of institutional investors are turning to real estate secondaries as global buyers look for exposure to in-demand asset classes.

Patria’s Knechtli: Secondaries dealflow continues to unlock as DPI issues persist

The firm’s focus on smaller-size secondaries has helped differentiate its latest secondaries fund – which recently closed on $677m ahead of its target – from peers, head of secondaries Patrick Knechtli told Secondaries Investor.

Eurazeo surpasses target for its largest-ever secondaries vehicle

The €2.3bn Fund V has raised more than double the amount of its 2021-vintage, €1bn predecessor.

Fund finance has moved to a multi-instrument and life cycle-wide toolkit – FFA conference

Increased appetite from Institutional investors, access to liquidity and the proliferation of bespoke structures have accelerated change in fund finance, according to panellists at the European Fund Finance Symposium.

Painswick brings PE focus to single-asset CVs

Painswick Capital views single-asset continuation vehicles as a PE business and has built its firm around that thesis, founder John Garcia and partner James Powers tell Secondaries Investor.

Flexstone agrees to acquire Glouston as it accelerates secondaries growth

Glouston Capital Partners’ focus on the US will complement the firm’s geographic footprint in the secondaries market, Flexstone CEO Eric Deram tells Secondaries Investor.

Blue Owl leads Veld Capital’s €355m credit CV

The CV includes follow-on capital to ‘capitalise on a strong pipeline already in place’, according to a statement shared with Secondaries Investor.

Partners Group holds first close for latest real estate secondaries strategy

The manager has secured more than $650m across a global program focused primarily on GP-led secondaries but seeded with an LP-led fund portfolio.

Top performing CVs continue to show outperformance over buyout funds – Evercore

Evercore and HEC Paris’s fifth CV performance study includes 396 CVs formed between 2018 and 2024, a significant increase on the 140 funds analysed in the inaugural report.

UK’s Railpen seeks syndicate CV positions to complement primary programme

The pension fund backs single-asset CVs to gain or strengthen relationships with new and existing GPs, investment manager Pravi Prakash tells Secondaries Investor.