Single Assets

Ardian seeks more than $1bn for debut single asset CV-focused vehicle

Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.

New Mountain eyes $2.5bn process to extend hold over Real Chemistry

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

Lindsay Goldberg runs single-asset process on Aspire Bakeries

The single-asset continuation fund deal is among many that are keeping secondaries professionals busy and sending the market to what could be record volume levels.

Ardian seeks first continuation fund for its own portfolio company

The Paris-headquartered asset manager is looking to extend its hold on a portfolio company within its mid-cap European Expansion strategy, Secondaries Investor has learned.

Morgan Stanley, Hayfin back CV on Nordic GP Impilo-owned healthcare asset

KKR bought a portion of the asset through a separate M&A process, which is understood to have been used to anchor pricing that the Evercore-advised CV transaction was based off.

Multi-asset CVs show signs of earlier DPI compared with single-assets – Evercore

A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.

TriSpan engages Goldman for single-asset CV for restaurant chain

The process highlights the potential use of GP-led technology for longer holds on restaurant chain businesses.

GTCR launches single-asset CV for AssuredPartners

The deal highlights how continuation funds are filling the void in the exit market when traditional exit routes remain subdued.

JPMorgan and Campbell Lutyens close first joint mandate with formal partnership

The pair are working on a further four global co-advisory mandates, Alex Bruce and Immanuel Rubin tell Secondaries Investor.

When continuation fund assets go bankrupt

As the continuation fund market evolves and expands, it is inevitable that some of the assets would fall into bankruptcy.