Single Assets

The trade group has issued guidance to address concerns over conflicts and the speed of GP-led deals.

Presidio saw an opportunity to extend its hold over Elevate as it continues to implement its growth plan that includes further spending and future acquisitions.

Oakley is seeking to continue its hold of German university group IU Group, which it initially backed in 2017.

The average number of secondaries transactions advised on sat at 24 in a year where overall secondaries market volume was estimated at around $110bn.

Some LPs have felt so frustrated at the way continuation fund processes have been run that they have decided not to re-up with their manager, representatives from the investor body told Secondaries Investor.

Presenting the second instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.

Oakley acquired a majority stake in IU Group in 2017 via €800m Oakley Capital Private Equity III fund, alongside a number of underlying Fund III investors.

Closing deals in this environment is challenging, with wide bid/ask spreads and syndication issues.

The transaction follows another lead position for Montana on a €146m single-asset vehicle last year.

The firm is seeking 25-50% more for its latest offering compared with its debut vehicle, Secondaries Investor has learned.