Western Europe

Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.

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

Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg’s first deal for its single-asset strategy.

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.

The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen, Secondaries Investor has learned.

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

The London-based firm’s strategy is based on a preferred equity approach to give GPs, LPs and companies short-term liquidity.

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.

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.