Western Europe

Now in its seventh year, our latest survey of law firm activity shows an industry advising on a collective $754bn of transaction volume.

The transaction, which saw AlpInvest and HarbourVest as co-leads, was oversubscribed with One Equity having to turn investors away and cut back its existing investors.

The appointment is part of a raft of wider moves at the placement agent and advisory firm, including the departure of one of its co-founders.

Secondaries funds of vintage 2019-21 will see significant impacts on their internal rates of return, Vincent Gombault has warned.

The firm is seeking €1.3bn for ACP Secondaries 5, having launched the vehicle in the first quarter of this year.

The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.

Panellists at the Impact Investor Global Summit London 2023 agreed that GP-leds are where secondaries investors can have the most impact.

The trade group has issued guidance to address concerns over conflicts and the speed of GP-led deals.

Secondaries investors are anticipating a golden vintage – just so long as buyers and sellers can agree on price.

Panellists at PERE’s Europe Summit this week agreed on one thing: There are more opportunities than you can poke a stick at.