Single Assets

Hamilton Lane leads single-asset CV for wealth management asset

The Cynosure Group is moving RIA firm Savant Capital Holdings into a single-asset CV.

StepStone leads on Cabot’s £140m CV for Premier Modular

The modular buildings provider, which is part owned by MML, raised £360m from a group of European infrastructure investors.

High-conviction deals gained favour from secondaries investors in H1

AI disruption ‘reverberated’ across both the LP-led and GP-led markets in the first half of the year, according to Campbell Lutyens’ Gerald Cooper.

How much is too much leverage in CVs?

While lenders and buyers have both grown more accepting of leverage use in continuation funds, divisions remain over when and how these tools should be used.

Lead Edge and Hamilton Lane lead Summit Partners’ $625m deal for NinjaOne

The SaaS provider has generated large returns following Summit’s initial investment, with LPs given a range of options to roll or cash out during the CV process, Secondaries Investor understands.

M&G builds infra secondaries exposure, targets CVs

The UK life insurer seeks to back CVs involving assets that need more time and capital to support growth, as opposed to primarily allowing a GP to hold on to a trophy asset, infrastructure funds co-head Anish Majmudar tells Secondaries Investor.

Carlyle AlpInvest closes second single asset-focused fund on $1.7bn

The vehicle, which surpassed both its $1bn target and its $345m predecessor, benefited from LPs’ increased sophistication around CVs, Carlyle AlpInvest’s Julian Rampelmann says.

Secondaries are now a sophisticated capital formation tool for real estate

Investors are using secondaries to unlock liquidity, retain high-conviction assets and reposition platforms for growth.

Secondaries activity expected to pick up in H2 after bumpy first half

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

The art of self-governance

There’s reasons on all sides to settle on market practice when it comes to continuation vehicle guidance – lest regulators decide it for you.