Single Assets

The deal involves Annington, which was created when Hands helped Japanese bank Nomura acquire military homes in 1996 from the UK government.

Of the $60bn of third quarter deal volume, GP-leds represented about 52%, according to PJT Partners data.

An LP has received a re-investment option and a liquidity option, with the latter offered at a discount to current valuation.

The $835m CV for Trading Technologies is the largest known GP-led secondaries process run by an independent sponsor, according to Houlihan Lokey’s Michael Pilson.

The CV for the accounting business could raise more than $1bn, Secondaries Investor understands.

ICG has once again stepped up as a lead investor on CapVest’s CV, having led the original continuation fund for Curium in 2020.

Nash Waterman’s departure comes three months after HIG Capital poached four members of the bank’s GP-led secondaries investment team.

New Mountain continues to build out its GP-led strategy following the hire of its co-lead Neal Costello from Carlyle AlpInvest earlier this year, Secondaries Investor has learned.

The New York-based manager has joined a wave of GPs seeking to extend ownership of their best assets through the CV market.

Lexington is the lead buyer, with Hamilton Lane participating as a co-lead on the deal, which has received strong pricing, sources tell Secondaries Investor.