Secondaries

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.

Eaton launched its GP solutions business in 2023 hiring a team from Credit Suisse.

In the latest edition of our Second Thoughts podcast, the Secondaries Investor team walks through key findings detailed in 2024’s advisory reports on the back of a record year for volume.

CVC Secondary Partners doubled its secondaries deployment year-over-year in 2024, according to its full-year activity update.

Both firms are understood to have purchased an equal amount of the roughly $1bn portfolio.

While continuation funds offer a solve for managing complexities in private credit, managers must be mindful of the challenges.

Secondaries was among strategies with the most acceleration driving Carlyle’s deployment pace last year, CFO John Redett says on an earnings call.

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

StepStone Real Estate Partners V will focus on GP- and LP-led real estate deals in the US.

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.