Performance

How do secondaries funds perform?

Secondaries funds can deliver outperformance compared with PE buyout funds due to their diversification and asset-screening processes.

Inside Blue Owl’s GP stakes continuation fund transaction

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms.

Performance watch: How have HarbourVest’s Dover Street funds fared?

With HarbourVest closing on $15.1bn for Dover Street XI, Secondaries Investor takes a look at how the firm’s flagship secondaries vehicles have delivered across IRR, TVPI and DPI.

Glouston passes two-thirds mark for latest flagship fundraise

The niche secondaries firm is seeking $450m for Glouston Private Equity Opportunities VII.

Hamilton Lane holds its largest ever close on $5.6bn for secondaries flagship

Hamilton Lane Secondary Fund VI launched in 2021 with a $5bn target and is more than 40% larger than its predecessor.

Nordic Capital secures latest exit from 2018 continuation fund

The European buyout firm moved Sunrise Medical into a landmark €2.5bn multi-asset continuation vehicle six years ago.

We have entered secondaries’ ‘decade of capitalisation’

Following an era of innovation, secondaries now enters an age of capitalisation with new entrants joining the market, secondaries professionals told PEI Group’s NEXUS summit in Florida.

How do continuation funds really perform?

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis

TPG’s exit of CAA returns around 2x MOIC for continuation fund investors

TPG sold talent agency giant CAA to Artémis, the Pinault family’s investment company, in September.

GP-led secondaries begin to gain track record with returns beyond 2x – PJT

Traditional LPs contemplating GP-led focused funds have been intent on identifying examples of fully crystallised continuation funds in recent years.