Single Assets

The secondaries market just took collaboration to a new level

Some of the secondaries market’s biggest buyers have committed LP capital to Accel-KKR’s debut blindpool secondaries fund. What gives?

Accel-KKR raises $2.2bn for secondaries sector specialisation play

Ardian, StepStone, Adams Street Partners and CPP Investments are LPs in the firm’s debut buyside fund.

Lexington and StepStone step up as buyers on impact manager Ambienta’s CV

Milan-based Ambienta is seeking a single-asset continuation fund, which will be classified as an Article 9 vehicle under the EU’s SFDR, Secondaries Investor has learned.

ICG chief: ‘We could deploy a $20bn GP-led fund’

Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.

Astorg and Eurazeo to take lead on Ardian’s €500m-plus CV

Ardian’s continuation fund for Syclef marks its first such transaction involving one of its own assets. It is also Astorg’s first deal for its single-asset strategy.

Five Arrows and TPG step up as lead buyers on Eurazeo’s continuation fund

The French asset manager has closed a single-asset CV for a French cybersecurity company, Secondaries Investor has learned.

Lexington seeks up to $1.5bn for its debut single-asset fund

The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.

GP-led volume expected to hit record year – DC Advisory

Many secondaries investors believe the sponsor-initiated secondaries market will exceed $70bn next year, according to a survey by the investment bank.

BlackRock’s GIP seeks over $1.7bn CV to house stake in UK airport

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.

StepStone leads Gemspring’s CV for chemical distributor company

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.