Single Assets

ECP set to close on $1.6bn for Calpine continuation fund

Five years after the US power company’s $17bn take-private, the energy-focused firm is rolling about 20% of the existing LPs into a single-asset vehicle.

Schroders leads on Emeram single-asset continuation fund

Unigestion is also understood to have participated in the transaction involving digital transformation services provider Init.

Astorg to raise its first single-asset fund

The move from the Paris-headquartered buyout shop comes as GP-led processes eat more and more into the secondary buyout market.

Water Street, JLL close single-asset deal for life sciences platform Eversana

Single-asset continuation fund deals have become so popular several mid-market investment banks have hired or are seeking talent to advise on such transactions.

Morgan Stanley edges towards final close on GP-led fund

If it hits its target, Ashbridge Transformational Secondaries Fund II will be the largest GP-led-dedicated fund to hold final close.

Goldman and LACERA lead single-asset on healthcare specialist

GHO Capital Partners has moved a company out of its 2015-vintage first fund into a continuation vehicle in a Rede Partners-advised process, Secondaries Investor has learned.

Three observations on the secondaries market, per the experts

Here’s a preview of PEI’s upcoming secondaries roundtable and what participants think is in store for a market that seems to know no bounds.

Pantheon on single-asset deals: The ultimate win-win

These transactions bring advantages for LPs, GPs, management teams and secondaries buyers, say partners in Pantheon’s global secondaries team in this sponsored Q&A.

CPPIB’s move shows single-assets and co-investments can co-exist

Sceptics says concentrated GP-leds are an expensive way of doing co-investments; the Canadian pension believes the two markets address different risk/reward profiles.