Secondaries

The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.

Impact investor Summa Equity closed Summa Circular, believed to be the first Article 9 continuation fund, in December, breaking new ground for the secondaries market.

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.

Panellists at PEI Group’s NEXUS 2024 summit discuss the blurring of the lines between secondaries and co-investments.

Riccardo Villa will advise firms accessing capital at both the portfolio and corporate level.

Cathay Life and some of its fellow Taiwanese insurers have been pulling back from private markets due to current and impending regulatory capital requirements.

Permira is moving five assets into a continuation fund including US customer experience solutions provider Genesys, which was previously part of a continuation fund transaction in 2020.

The firm opened its first international office last year, two years after its tie-up with PGIM, and retains its Swiss heritage in its approach to deal-making.

Coller Secondaries Private Equity Opportunities Fund will be seeded with over $300m from the firm and other institutional investors.

Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.