Co-Investment

Belgium’s GBL runs large LP-led process as it looks beyond fund commitments

GBL’s portfolio includes private equity and venture capital exposure with a weighting towards the mid-market, Secondaries Investor has learned.

Stafford: Latest timberland fund shows area is becoming less niche

Stafford plans to allocate 80% of its latest $1bn+ timberland fund to secondaries, chief executive Angus Whiteley told Secondaries Investor.

Mantra targets up to €270m for fourth secondaries flagship

The Paris-headquartered firm aims to hold the final close for the fund in 2025.

HSBC targets secondaries, co-investments with family office programme

The programme involves both GP-leds and LP-leds, Mathieu Forcioli, global and APAC head of alternatives for HSBC Global Private Banking, tells Secondaries Investor.

LACERA proposes guidelines to up allocation to secondaries

LACERA will be allowed to commit up to 35% of its private equity allocation to secondaries or co-investments, and up to 20% of the allocation to funds of funds.

Wellspring gave sale option to co-investors in SupplyOne, its biggest CV asset

Co-investment stakes included in GP- and even LP-led secondaries have become more prevalent as even direct investing LPs seek liquidity in the slow exit environment.

Saudi PIF commits to Ardian’s latest flagship and co-invest vehicle

Public Investment Fund is an LP in Ardian’s predecessor vehicle, which closed on $14bn in 2020 ahead of its $12bn target.

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.

Banner Ridge surpasses predecessor with $2.15bn secondaries fund close

Banner Ridge Secondary Fund V closed well above its $1.4bn target and is 115% larger than its $1bn predecessor, Secondaries Investor has learned.

LPs want protections from continuation funds for their ‘no fee’ co-investments

With sluggish fundraising and GPs often desperate for capital, LPs are in a stronger position to demand certain concessions that may have been unworkable in the bull market years.