Single Assets

Court Square runs single-asset process with Evercore, Goldman advising

Co-advisory mandates have become an increasingly common trend in continuation fund deals.

ICG collects record amount for biggest concentrated GP-led fund

ICG Strategic Equity Fund V has already raised more than its $6bn target.

Blue Owl and Pantheon emerge as leads on Altamont’s CV for Taco Bell franchise – updated

The single-asset continuation fund deal, which is around $400m-$625m in size, is in the process of closing, Secondaries Investor understands.

Buyers seek concentrated CVs to complement diversified LP-led deals – Campbell Lutyens

Of the $27.6bn of GP-led activity seen in the first half, $17.2bn was deployed into single-asset or highly concentrated continuation funds, according to the adviser’s mid-year report.

Secondaries sees record first half as volume surpasses $70bn – Evercore

LP-led deals made up 57% of volume as pricing increased for buyout, credit, and venture and growth, according to the adviser’s half-year report, shared with Secondaries Investor.

Lexington, Eurazeo among backers of Astorg’s €1.4bn Normec deal

Secondaries Investor reported in May that CVC Secondary Partners and Pantheon were leading the transaction around TIC asset Normec.

Oil and gas investors turn to single-asset CVs

Processes involving oil and gas assets have seen 2x oversubscribed interest with cashflow yields between 20-30%.

Clearlake mulls single-asset CV for marketing software asset

The deal is in the early stage and marks Clearlake’s continued efforts to build up its single-asset CV programme.

Diversis runs single-asset process on SaaS-focused Tempo

Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.

San Fran’s Gryphon runs single-asset on Vessco Water

The single-asset continuation fund process is part of a wave of such deals GPs are attempting as a way to deliver proceeds to limited partners in older funds at a time of slow exit activity.