Western Europe

More than one in four GPs used the secondaries market to extend hold periods, while a further 18% were enticed by unfunded commitments, according to the investment bank.

Private equity continues to face a liquidity crunch. Could a new technology for exits be on the horizon?

The buyout and growth firm is the lead buyer in the GP-led deal – the latest example of a non-secondaries firm backing a secondaries deal.

Dealmaking is due for a comeback this year with the return of financial sponsors and more demand for liquidity, according to a panel at IPEM Cannes.

Strengthening pricing drove activity, helped by stabilising interest rates and an overall improvement in economic outlook.

UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.

The Paris-headquartered buyout shop is ‘absolutely ready to do a deal’, having secured capital for investments, co-heads Michal Lange and Sebastiaan van den Berg tell Secondaries Investor.

The secondaries giant’s ASF IX launched in February 2022 and is seeking north of $20bn.

Three infrastructure managers were snapped up during a week where Pantheon has raised the market’s biggest ever secondaries fund focusing on the asset class.

LP-led deals drove the bulk of volume last year and accounted for 55% of total trading, according to data from the investment bank shared exclusively with Secondaries Investor.