GP-Leds

GTCR runs $1bn single-asset CV for Consumer Cellular

The Chicago-based firm previously ran a continuation fund process on insurance company AssuredPartners, which was later sold in an M&A deal.

VC’s continuation fund barriers

There is heightened interest in continuation funds within the venture space, yet these vehicles may not be best suited to most managers.

Strong appetite for small CVs driven by finite number of mega-deals – Reach Capital

While more buyers are coming into the smaller end of the CV market, there remains less competition compared with larger deals creating room for steeper discounts, according to a report.

Florida SBA’s Bradley: CVs not so attractive ‘when we put our LP hat on’

A key concern is that a GP may not have market-tested the highest selling price of an asset, according to the $212bn pension’s senior investment officer for PE.

TDR secures latest European single-asset CV for gym chain

Buyers on the deal include Coller Capital, Apollo S3, CVC Secondary Partners and Hollyport Capital.

TPG takes lead on VC firm JVP’s $290m single-asset CV

Rolling investors into the new fund include Partners Group, HighVista Strategies, Committed Advisors and Hollyport Capital, according to a statement.

NYS Common commits $550m to TPG’s GP-led strategy

The pension committed $500m to GP Solutions II’s predecessor, marking the biggest commitment made to a secondaries fund last year.

Houlihan Lokey hires UBS’s former head of EMEA advisory

A US-based managing director will join Sandro Galfetti to head up the investment bank’s GP-led advisory business in Europe out of London.

California’s Orange County to cut fund of funds exposure through secondaries sales

The $25bn pension expects to use both the GP-led and the LP-led markets to offload indirect private equity exposure.

CV market could quadruple by 2034 – Schroders Capital

CIO Nils Rode tells Secondaries Investor that CVs could eat into buyout dealflow over the next decade.