As buyout shop Astorg makes moves to fill its secondaries bench in its effort to back continuation funds, the key will be winning over firms that may view it as a competitor.
3 min read · 06 July 2023
The firm has been running a process this year on its seventh and eighth funds at a time when many LPs are reluctant to sell amid lower pricing.
3 min read · 29 June 2023
The average number of secondaries transactions advised on sat at 24 in a year where overall secondaries market volume was estimated at around $110bn.
5 min read · 03 May 2023
The goal is to back treasure assets that sponsors are trying to hold and grow, even when they run up against structural fund issues like tapping out reserve capital.
2 min read · 20 December 2022
Kevin Nowaskey left the investment bank two months ago, having joined in the spring, Secondaries Investor understands.
1 min read · 07 September 2022
Secondary pricing for buyout funds as a percentage of NAV fell from 97% for full-year 2021 to 88% in the first half, according to Greenhill.
2 min read · 29 August 2022
As fundraising becomes tougher in the volatile market, with many LPs at or above their allocation caps, more GPs may use tender offers as a way to reach their fundraising targets.
3 min read · 18 August 2022
The vehicle’s largest company is in limbo until the first quarter, when the FCC will set new reimbursement rates that will allow potential buyers to price it.
3 min read · 07 November 2019
Secondary Investments IV has a $20m hard-cap to stay within its niche, according to co-founder Sherif ElHalwagy.
1 min read · 20 November 2017
