GP-Leds

New Mountain taps Coller for new secondaries MD

New Mountain continues to build out its GP-led strategy following the hire of its co-lead Neal Costello from Carlyle AlpInvest earlier this year, Secondaries Investor has learned.

A bountiful feast in secondaries’ smaller deal market

Despite a growing number of new entrants, buyers aren’t concerned about increased competition in this abundant part of the market. How long can this last?

Cerberus runs $2bn single-asset CV on subsea communications asset

The New York-based manager has joined a wave of GPs seeking to extend ownership of their best assets through the CV market.

Lexington and Ham Lane pick up Odyssey’s $1.5bn single-asset CV

Lexington is the lead buyer, with Hamilton Lane participating as a co-lead on the deal, which has received strong pricing, sources tell Secondaries Investor.

HarbourVest leads on $1bn single-asset CV for vet services company

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

Moelis hires two from Rothschild amid ongoing advisory build-out

The investment bank has hired an executive director and vice-president, both based in London, Secondaries Investor has learned.

Top-quartile CVs continue to prove their outperformance over buyout funds – Evercore

Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.

TPG, CVC and Partners Group line up on €2bn single-asset CV-on-CV deal

Montagu Private Equity’s latest CV is one of the largest single-asset deals to come out of Europe this year as GP-led secondaries activity continues in earnest in the region.

Will CVs become evergreen capital’s next battleground?

While some investors recognise the benefits of evergreen funds participating in GP-led deals, others view the space as a ‘wild west’ that requires greater discipline.

CVs account for nearly one-fifth of sponsor-backed exits – KPMG study

Some GPs view continuation vehicles as ‘temporary measures’, according to the financial services firm.