Buyouts

Japanese secondaries JV trebles firepower with latest fund close

Japan Private Equity Opportunity 2024 turned down overseas investors as it was oversubscribed by domestic LPs, WM partner Shohei Suzuki and AIC CEO Reijiro Samura tell Secondaries Investor.

CalPERS could look for buyers for covid-era PE investments

While CalPERS has been a net buyer of secondaries in the past, poor distributions from private equity assets in these particular vintage years would cause the LP to look at opportunistic sale processes of certain managers.

Blackstone anticipates its busiest year for secondaries deployment

President and COO Jon Gray expects the secondaries market will continue to grow as LPs seek out liquidity – though he anticipates the ‘re-emergence of M&A activity at scale’ this year.

PAI Partners seeks cherry on top with second CV for ice cream maker

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

CVs offer lower return dispersion compared with buyout funds – Evercore

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

StepStone set to launch 40 Act fund primarily focused on secondaries

The new evergreen vehicle will join the firm’s four active 40 Act funds targeting wealthy individual investors in the US.

Trilantic runs what could be a precedent-setting liquidity process

Without new capital coming in, the firm is considering an extensive continuation fund process that would extend its ability to make new investments.

Tariff turmoil: What do PE professionals think?

Here are responses from industry thought leaders including Goldman Sachs, Carlyle, Apollo and NYCRS across areas such as dealmaking, fundraising and secondaries.

HIG Capital explores options for building out secondaries strategy

The firm is considering the strategy at a time when several traditional private equity buyout firms have expanded their capabilities into GP-led secondaries, while others are making moves into the space.

Alaska’s Waldrop on why the SWF is not a seller in the LP-led market

Alaska Permanent Fund’s deputy CIO for private markets, Allen Waldrop, explains why the SWF has been a buyer in the CV market and has not been a seller even when it has been overallocated to PE.