LP Sales

The UK’s proposed tax reform offers clarity to secondaries buyers

The new legislation will bring buyers’ offshore execution to an end, which under stamp duty came with its own grey areas in a digital age, Hogan Lovells Cadwalader’s Elliot Weston tells Secondaries Investor.

LGT Capital Partners launches debut credit secondaries strategy

The Switzerland-headquartered manager will seek to invest in LP-led, GP-led and opportunistic deals with an emphasis on senior lending, Secondaries Investor understands.

MetLife closes $1.2bn managed fund deal with Lexington

The insurer had shopped a portfolio of funds and co-investments with a net asset value of $1.8bn, Secondaries Investor understands.

Evercore bets on APAC secondaries growth with team overhaul

The advisory firm’s APAC private capital advisory unit has more than doubled its headcount since February, senior MD Ben Hart tells Secondaries Investor.

Family office GreenBear taps secondaries in portfolio revamp

Chief investment officer Vishnu Amble is keen on selling private equity fund stakes bilaterally as the family office pares its exposure to illiquid assets.

Private real estate managers rewrite the playbook with secondaries

The strong growth of continuation vehicles signals that the real estate secondaries market has shed its reputation as a last resort for distress-driven strategies.

More than half of secondaries investors run evergreen vehicles

Adoption of evergreen vehicles is broadening across the secondaries buyer universe, according to a report from Evercore, with this capital increasingly deployed into a broadening set of opportunities.

Secondaries volume extends record-breaking run in H1

‘The last several years have been very volatile… The fact that we still saw this record volume is remarkable,’ Jefferies’ Scott Beckelman tells Secondaries Investor.

Clipway soars past target to reach $6.4bn for debut fund

The firm’s inaugural vehicle launched in June 2023 with a $4bn target, Secondaries Investor data shows.

Louisiana Teachers to explore PE secondaries sale

The pension plan is hoping to reduce its allocation to buyout assets, increase its liquidity and cull ‘inactive’ GP relationships.