Western Europe

Permira is moving five assets into a continuation fund including US customer experience solutions provider Genesys, which was previously part of a continuation fund transaction in 2020.

Heightened supply and the climbing cost of credit mean the pricing for infrastructure secondaries is increasingly attractive for buyers.

Rothschild advised on €2bn of GP-led deal volume last year, including infrastructure continuation fund deals for Ancala Partners and DWS.

The bank has tapped three advisory professionals to join its team under former Eaton Partners exec Stefano Manna.

The region played host to some sizeable and complex GP-led deals, including a continuation fund for Oakley Capital’s IU Group.

Is $1trn in annual deal volume achievable? What does the increase in new entrants to the single-asset buyside herald? Why do some firms not like leading deals? All questions up for discussion in Orlando next week.

The firm is gearing up to launch its next fund and could target $1bn, Secondaries Investor understands.

The firm opened its first international office last year, two years after its tie-up with PGIM, and retains its Swiss heritage in its approach to deal-making.

The buyout giant initially backed Multiversity in 2019 before acquiring 100% of the online university group in 2021.

Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.