GP-Leds

CVs continue private equity’s history of innovation and evolution and will likely become part of the asset class’s long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

Another CV failure has recently grabbed headlines. The secondaries market is limited on publicly celebrating its wins.

Issues around pricing, alignment and the absence of a lead investor can complicate matters, a conference has heard.

The single-asset process is part of what looks to be record-setting secondaries activity this year that appears headed for more than $200bn of total volume.

The hire comes after the global investment bank appointed a new Europe-based professional to lead its EMEA business earlier this year.

Brookfield’s Real Estate Secondaries fund is almost fully deployed and the manager is in the market to raise a second one.

A new survey shows some investors – especially larger ones – are more willing to use evergreen capital to cut bigger cheques for CVs and participate in syndication.

Though India’s secondaries market remains comparatively nascent, its development has been bolstered in recent years by a confluence of regulatory changes, favourable market conditions and successful case studies.

The deal involves Annington, which was created when Hands helped Japanese bank Nomura acquire military homes in 1996 from the UK government.

The firm reportedly paused a multi-asset CV involving this asset in 2023.