Secondaries

eQ PE SF V, which surpassed its target, is the smallest in the manager’s secondaries series.

The firm was a participating investor in a single-asset CV for Essential Pharma.

In this podcast, CVC’s Carlo Pirzio-Biroli and Kirkland’s Ted Cardos literally peel back the onion on the year that was and look forward to what they believe will shape the secondaries market in 2025.

The firm defines RE deals as any transaction where private equity is exchanged in the capital stack and where the operator maintains control over the asset.

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.

The process involves moving stakes into a new managed fund, Secondaries Investor has learned.

Stafford Infrastructure Secondaries Fund V has raised about one-third of its €1.3bn target.

Hollyport’s John Carter and Elm Capital’s Etienne Deshormes delve into why the opportunity in the tail-end secondaries market has grown, yet the number of buyers remains concentrated.

As private markets AUM continues to grow at a clip, so too does the number of legacy funds held onto by institutions. Hollyport’s John Carter and Elm Capital’s Etienne Deshormes join Madeleine Farman in the latest edition of Second Thoughts.

Pursuing both strategies via a single fund allows for better market timing and greater diversification, according to Montana Capital’s Marco Wulff and Eduard Lemle.