Western Europe

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

The asset, BLUESEA Hotels, aims to become the market leader in three- and four-star hotels and resorts in Spain.

Council Ring Capital, a single-family office founded by the Mills family, led the deal with Finnish GP DevCo in a transaction that Coller Capital also backed.

The vehicle, which will commit to infrastructure secondaries as well as direct infra deals, will target investors globally, Secondaries Investor understands.

Helping to close the liquidity gap will create a boom for both the secondaries and primary markets, writes Coller Capital’s founder and chief investment officer.

LGT Capital Partners’ latest vehicle launched in 2022 and had collected $4.38bn as of January.

There is a ‘huge supply/demand imbalance, particularly for larger sized transactions’ which is leading to the firm doing this, according to the firm’s chief investment officer and CEO.

Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

LPs are exploring the use of advanced technologies such as AI to enhance workflows and aid investment decisions, but the human element remains key.