Secondaries

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.

The fund launched earlier this summer and is already close to catching the total of its predecessor.

Inflows gathered by Carlyle AlpInvest accounted for 38% of the alternatives giant’s overall capital raising during the second quarter.

The Mexican restaurant chain deal marks the first continuation vehicle for food sector-focused Butterfly Equity.

Co-CEO Marc Lipschultz said ‘we plan to be the leader’ in GP-leds during the firm’s 31 July Q2 conference call.

The total volume figure for real estate secondaries can change depending on the definition of GP-led deals.

Oliver Gottschalg, professor of strategy and business policy at HEC Paris, has created a model to value secondaries fund stakes that analyses top-down factors, turning the market’s bottom-up approach on its head.

The Dutch pension administrator’s sale is part of a wave of sales processes that institutional investors are using to help manage their programmes amid an exit drought and a slowdown in distributions.

The buyout firm had moved Curium Pharma into a €1.2bn single-asset continuation fund in 2020.

CIO of $6bn Midwest pension would prefer the system remain ‘more of a buyer than a seller’ when it comes to private equity funds.