GP-Leds

PAI closes on CV with manager’s equity deal reaching €3.6bn

The wider deal, including joint venture partner Nestlé’s own equity portion, is €6.5bn in size, Secondaries Investor understands.

Prized assets trump solution-focused CV deals as lead buyer bottleneck persists

While many secondaries investors are willing to join as syndicate participants, few are willing to take on the ‘onerous’ task of a lead investor role in CVs, panellists said at the Fund Finance Association European Symposium held in London.

ADIA takes lead on over $200m CV in latest GP-led secondaries play

ADIA has backed Beijing-based GL Capital’s single-asset CV just months after it emerged as a co-lead buyer on Tikehau Capital’s continuation fund.

The CV-squared opportunity comes with additional levels of scrutiny

The resources available to a manager conducting a CV on CV, as well as an asset’s exit prospects are key questions that should be considered, panellists at IPEM said.

Neuberger leads Trinity Hunt’s SPV for asset held in existing CV

The SPV is set to finance the growth of portfolio company, Argano, and support shareholder buybacks to consolidate Trinity Hunt’s ownership of the asset, Secondaries Investor understands.

India’s landmark GP-led marks a 3x return within 18 months

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

Three lead buyers emerge in CVC’s €1bn+ Nordic single-asset CV

The deal marks the latest single-asset process for CVC, which moved Italian online university group Multiversity into a continuation fund last year.

CV deal makes up considerable portion of Froneri’s €6.5bn equity deal

Secondaries buyers have lined up to back the deal, which is set to close this month, Secondaries Investor understands.

Expanding GP-led market can help RE secondaries’ steady, continued growth – CBRE

The manager’s latest report estimates RE secondaries saw more than $24bn in volume last year.

Buyers emerge on Incline Equity Partners’ $300m single-asset CV

LGT Capital Partners and Future Standard have lined up as buyers on a company Incline acquired two years ago, Secondaries Investor understands.