LP Sales

Clean-up deals have continued to grow as even traditional secondaries shops seek to close out older pools and deliver proceeds to long-time investors.

Alvaro Rosado joins the tertiary shop as it closes its first investment, acquiring around $140m of interests in funds managed by two prominent secondaries buyers.

Q3 saw $60bn of secondaries volume with just over half made up of GP-led deals, according to estimates from the investment bank.

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

The Palico Price Indicator utilises more than 25,000 anonymised data points to offer valuation ranges, as well as insights into potential buyer interest, Secondaries Investor has learned.

While there is growing demand for liquidity in the GP stakes market, significant structural barriers keep capital locked up.

GBL’s portfolio includes private equity and venture capital exposure with a weighting towards the mid-market, Secondaries Investor has learned.

MN and its European peer APG are among a wave of global LPs seeking to offload private market holdings amid market uncertainty.

The €590bn Dutch pension manager’s sale is a re-engagement with the market after the system pulled a similar offering last year.

The pension joins several large North American LPs that have considered or already sold more than $1bn of private markets exposure this year.