Single Assets

There is a ‘huge supply/demand imbalance, particularly for larger sized transactions’ which is leading to the firm doing this, according to the firm’s chief investment officer and CEO.

The CV process places Advent among a group of PE powerhouses that are exploring similar processes for their software companies.

Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and Pacific Equity Partners last year for A$1.01bn.

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

Providence agreed to sell part of its stake in the group to listed investment firm Wendel in July.

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.

Secondaries Investor reported in June that the technology, industrial and consumer-focused firm was working with Evercore on a transaction.

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

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

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