Single Assets

ICG’s Strategic Equity steps up as buyer on CVC’s single asset

LPs will be given the option to roll or sell on CVC’s continuation fund process for Multiversity, which is understood to be €1.5bn-€2bn in size, Secondaries Investor learns.

Manulife’s GP-led secondaries programme surpasses $600m

Manulife Investment Management has held the final close for its debut vehicle, private equity-focused Manulife Strategic Secondaries Fund.

The figures behind secondaries’ second record year

In this podcast, Secondaries Investor’s Madeleine Farman, Adam Le and Hannah Zhang dig deeper into the latest advisory reports, discussing key trends seen last year and how this could translate into dealmaking this year.

Goldman Sachs, AlpInvest lead Cinven’s Barentz secondary

The continuation fund for global life science ingredients distributor Barentz is understood to be around €850m in size.

ICG explores single-asset continuation fund for fire protection asset

ICG and Kirkbi A/S acquired Minimax in 2014 with ICG and co-investors acquiring Kirkbi’s stake in 2018.

HQ eyes Australia’s secondaries market following ex-Ardian hire

The firm has appointed Michael Hu, a former managing director at Ardian, to lead its regional investment and business development activities from its new office in Singapore.

Alignment is critical to LPs accepting continuation vehicles

Panellists at PEI Group’s NEXUS 2024 summit discuss the blurring of the lines between secondaries and co-investments.

Goldman PE group runs big single-asset process on healthcare business

While demand among GPs for liquidity options to pay back LPs in older funds is strong, the limiting factor is the relatively small pool of capital available for such deals.

CVC seeks single-asset continuation fund for Italian university group

The buyout giant initially backed Multiversity in 2019 before acquiring 100% of the online university group in 2021.

Adams Street, Barings, Kline Hill co-lead on transportation asset CV

The deal involves transferring an asset to a continuation fund managed by TRP Capital, a lower mid-market player with no prior engagement in GP-led secondaries.