PEI Group Data

The tail-end specialist – which PEI Secondaries Investor understands has raised $1.5bn for its latest GP-led programme – looks to back assets that have more to show after five-plus years in a fund, Steve Nicholls and Catherine Badour say.

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The process follows a larger deal the endowment secured last year, where it offloaded between $3bn-$4bn of private equity stakes with pricing in the mid-90% of NAV.

While the region has seen growing secondaries appetite in the past few years, executed deals remain far and few between, market participants tell PEI Secondaries Investor.

Vivara Capital will target purpose-driven companies that are ready to scale but held by ageing funds, Rekha Unnithan told affiliate title New Private Markets.

Klar’s CV process joins EMK’s in the market with both firms seeking to continue their hold for European assets operating in the same industry.

Golub Capital launched its GP-led strategy last September, pledging to commit $1bn.

The CV for a Netherlands-based industrials asset will see around €1bn-€1.2bn of new equity with a ‘significant amount’ of rollover, PEI Secondaries Investor understands.

A total of 66 CVs were known to have closed in the first half of 2026, up significantly from the 40 logged during the same period last year.

Over 95% of LPs in Gainline’s original fund housing the asset elected to take the liquidity option provided to them in the transaction, PEI Secondaries Investor understands.