PEI Group Data

Secondaries are now a sophisticated capital formation tool for real estate

Investors are using secondaries to unlock liquidity, retain high-conviction assets and reposition platforms for growth.

Painswick brings PE focus to single-asset CVs

Painswick Capital views single-asset continuation vehicles as a PE business and has built its firm around that thesis, founder John Garcia and partner James Powers tell Secondaries Investor.

Swedish insurer LF eyes move into private debt secondaries

Other European insurance firms, such as NN Group, are also looking at the secondaries market as they work to diversify their illiquid credit portfolios.

Most LPs don’t expect CV activity to decline when exits improve

Around 40% of LPs expect continuation vehicle activity to continue growing, with a number opting to take a more concentrated approach to this corner of the market, according to Coller Capital’s latest Barometer report.

Argosy doubles fund size with $145m raise

The asset manager’s small-deal-focused secondaries unit is seeking to write cheques of between $100,000 and $10m.

Blue Owl leads Veld Capital’s €355m credit CV

The CV includes follow-on capital to ‘capitalise on a strong pipeline already in place’, according to a statement shared with Secondaries Investor.

Partners Group holds first close for latest real estate secondaries strategy

The manager has secured more than $650m across a global program focused primarily on GP-led secondaries but seeded with an LP-led fund portfolio.

Fees and expenses survey: Seven key takeaways

Market participants have a keen eye on fees and expenses related to GP-led deals given many LPAs were not drafted with these transactions in mind.

Hong Kong-based Coller principal departs

The former investment principal, who covered secondaries transactions in India, Australia and Southeast Asia, joined the firm in 2011 in London.

Future Standard secures ~$3bn for latest flagship

The fund primarily focuses on LP-led deals in the North American mid-market.