Secondaries

Apollo has agreed to acquire real estate investment manager Bridge in an all-in stock transaction worth approximately $1.5bn.

The pension fund’s portfolio is the latest LP-led deal to come out of the APAC region.

The APAC secondaries market is expected to have a strong 2025, and buyers in the Chinese market have an advantage.

The Canadian pension fund joins the likes of CalPERS, PSP Investments and World Bank in bringing a sizeable portfolio sale to the secondaries market.

There have been two recent instances of continuation funds falling by the wayside in favour of M&A. In some instances, this can cause real headaches.

Nick’s departure follows that of Jefferies’ global head of its private capital group, Matthew Wesley, who is set to join Moelis.

The Taiwanese insurer’s portfolio sale deal could be around $2bn in size, Secondaries Investor has learned.

LPs in the passive index investing firm’s funds will be able to benefit from quarterly liquidity with no fees or caps, chief executive Edward Talmor-Gera tells Private Equity International.

ACP Secondaries 5 is already around 60% deployed and the firm is seeking to capitalise on a lack of liquidity in the underlying private equity market, global chief executive José Luis Molina tells Secondaries Investor.

The multi-asset CV was among several billion-plus GP-led processes that hit the market last year as firms sought to generate distributions for LPs.