Single Assets

Not every firm has smashed the lights out when it comes to fundraising for vehicles focusing on concentrated bets.

Inventory on the GP-led side of the business is high and the completion rate for such deals is said to hover around 50%.

The European buyout firm is seeking more time and capital to further grow Normec internationally while crystallising returns for investors.

The momentum on Fund VIII, which is targeting north of $10bn, is aiding its private equity secondaries vehicle targeting private wealth investors, according to chief executive Harvey Schwartz.

HarbourVest Partners, LGT Capital Partners and Pantheon backed a $700m single-asset transaction involving the National Stock Exchange of India.

In this third episode of the Decade of Secondaries Investing miniseries, Goldman’s Harold Hope and Lazard’s Holcombe Green discuss how continuation fund technology has developed to facilitate single-asset continuation funds and the runway for further growth.

The transaction comes off the back of at least three other insurance-focused continuation fund deals in Europe over the past half-year.

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

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.