Western Europe

The firm has appointed 15 people this year alone, including to newly created finance director and head of tax roles.

The firm thinks it can help clients seeking to balance portfolios and manage liquidity due to lower exit volumes, chief executive Christian Sinding said on its earnings call.

The Paris-headquartered asset manager is looking to extend its hold on a portfolio company within its mid-cap European Expansion strategy, Secondaries Investor has learned.

In part two of the Second Thoughts podcast conversation with professionals from AlpInvest, PJT Partners and Stephenson Harwood, we discuss what factors, dynamics and personality traits of those involved help make for stellar transactions.

The treatment of co-investments in continuation vehicles could provide guidance on how things may play out when PE-backed portfolio companies with a broad-based employee stock ownership plan are rolled into a CV.

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

KKR bought a portion of the asset through a separate M&A process, which is understood to have been used to anchor pricing that the Evercore-advised CV transaction was based off.

The new designation reflects Schroders Capital’s commitment to the increasing GP-led opportunity set, a spokesperson tells Secondaries Investor.

The secondaries giant expects to hold the final close on its ASF IX programme by the end of the year, Secondaries Investor has learned.

Two buyers outlined their approach to securing what they hope will be the best returns for LP-led transactions at a secondaries conference this week.