Single Assets

ICG, TPG and CVC back latest mammoth CV-on-CV deal

ICG has once again stepped up as a lead investor on CapVest’s CV, having led the original continuation fund for Curium in 2020.

Morgan Stanley parts ways with global secondaries head

Nash Waterman’s departure comes three months after HIG Capital poached four members of the bank’s GP-led secondaries investment team.

New Mountain taps Coller for new secondaries MD

New Mountain continues to build out its GP-led strategy following the hire of its co-lead Neal Costello from Carlyle AlpInvest earlier this year, Secondaries Investor has learned.

Cerberus runs $2bn single-asset CV on subsea communications asset

The New York-based manager has joined a wave of GPs seeking to extend ownership of their best assets through the CV market.

Lexington and Ham Lane pick up Odyssey’s $1.5bn single-asset CV

Lexington is the lead buyer, with Hamilton Lane participating as a co-lead on the deal, which has received strong pricing, sources tell Secondaries Investor.

HarbourVest leads on $1bn single-asset CV for vet services company

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

Top-quartile CVs continue to prove their outperformance over buyout funds – Evercore

Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.

TPG, CVC and Partners Group line up on €2bn single-asset CV-on-CV deal

Montagu Private Equity’s latest CV is one of the largest single-asset deals to come out of Europe this year as GP-led secondaries activity continues in earnest in the region.

Alaska’s Waldrop: We prefer single-asset CVs over ‘cats and dogs’

‘We tend to like single-asset continuation vehicles if the story is right if it’s with a sponsor that we think is the right owner for that asset going forward,’ according to deputy CIO Allen Waldrop.

Goldman Sachs leads on Tailwater single-asset deal

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.