LP Sales

LPs fine-tune their use of secondaries

Secondaries are evolving from a problem-solving backstop into a strategic tool for North American LPs navigating liquidity constraints and portfolio complexity.

UK’s Railpen seeks syndicate CV positions to complement primary programme

The pension fund backs single-asset CVs to gain or strengthen relationships with new and existing GPs, investment manager Pravi Prakash tells Secondaries Investor.

Secondaries volume to reach $1trn in the next decade – Seine Capital

Higher interest rates and a better exit environment could both drive activity in the secondaries market, according to a study.

Florida SBA to shift away from LP-leds amid lagging secondaries performance

The $219bn system has seen ‘underwhelming’ performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

European partnership to target secondaries real estate NPL trades

Luxembourg-based APS Holding sees opportunity to acquire leftovers of larger portfolios from their original buyers.

Buyers and sellers pay over $25,000 for legal counsel per LP-led fund interest

GP counsel fees paid by both sides of a deal ranged from zero to around $79,000, according to research by AI workflow automation platform AltConvey.

Seine Capital closes debut fund above target

The firm, which was founded by Mantra Investment Partners’ former head of secondaries, Fabrice Moyne, exceeded the vehicle’s target by 20%.

Project Ember: Ardian and Blackstone buy in on CPPIB’s large portfolio sale

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.

CPP Investments unloads European non-performing loan portfolio

The portfolio is being sold to a newly formed joint venture established between funds managed by Arrow Global Group and Fortress Investment Group.

An immediate step up on long-term growth plans: Behind the Lazard CL tie-up

Following the announcement of Lazard’s agreed acquisition of Campbell Lutyens, future co-CEOs Holcombe Green and Gordon Bajnai discuss what to expect once the deal closes.