Buyouts

How do secondaries funds perform?

Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.

Japanese secondaries buyer taps up to 50% discounts in global tail-ends – updated

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

Secondaries sees record first half as volume surpasses $70bn – Evercore

LP-led deals made up 57% of volume as pricing increased for buyout, credit, and venture and growth, according to the adviser’s half-year report, shared with Secondaries Investor.

Lexington, Eurazeo among backers of Astorg’s €1.4bn Normec deal

Secondaries Investor reported in May that CVC Secondary Partners and Pantheon were leading the transaction around TIC asset Normec.

Dutch pension APG shops one of the largest LP portfolios of the year

The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.

TJC seeks multi-asset continuation fund for latest secondaries deal

The transaction involves five assets coming from three vehicles managed by the Jordan Company, Secondaries Investor understands.

ICG closes debut LP-led secondaries fund on $1bn

Including co-investment vehicles and SMAs, the firm’s LP secondaries strategy has received total commitments of $1.6bn.

HQ eyes Australia’s secondaries market following ex-Ardian hire

The firm has appointed Michael Hu, a former managing director at Ardian, to lead its regional investment and business development activities from its new office in Singapore.

TDR mulls strip sale on multiple vehicles

The buyout firm and owner of UK supermarket chain Asda has mandated Rede Partners to explore a process on its third and fourth flagship funds.

Astorg discloses details of continuation fund strategy

The firm’s GP Equity Solutions product – co-led by Sebastiaan Van Den Berg and Michal Lange – will invest in global B2B niche leaders.