GP-Leds

Coller Capital’s Schad: Large-scale adoption of credit CVs is on the horizon

The firm recently closed its latest credit secondaries programme on $6.8bn, including its credit evergreen offering for US investors.

CVC returns to secondaries market with Nordic single-asset process

CVC is the latest manager to seek out a large continuation fund for a Europe-headquartered asset, Secondaries Investor has learned.

Liquidity options proliferate for VCs

Venture capital firms are motivated to find ways to return capital to their LPs. Beyond continuation funds, these managers are running strip sales, preferred equity deals and tender offer processes to generate liquidity.

China’s GP-led secondaries activity fuelled by LP pressure – Coller

Secondaries buyers have been eyeing both RMB- or USD-denominated opportunities in China as managers contend with a dearth of exits, investment principal Karen Tse tells Secondaries Investor.

Continuation vehicles are accelerating in the venture industry

More venture firms are following the lead of buyout firms by creating continuation funds to provide liquidity to LPs in older funds. Here are the pluses and minuses for GPs and LPs considering CVs.

Piper Sandler’s Andy Nick: three out of 10 GP portcos could go into a CV

The firm is looking to double the size of its ‘small but mighty’ secondaries team in the next 18 months.

Onex eyes $2bn multi-asset CV in firm’s latest use of GP-leds

One of the assets involved was being mulled for a separate CV managed Carlyle in a process that has since been dropped, Secondaries Investor understands.

ADIA, Apollo, Neuberger Berman co-lead Tikehau continuation fund

Tikehau has raised more than €1bn for smart infrastructure company Egis.

Dry powder concerns provide opportunity for direct secondaries – W Capital

With the number of buyout-backed companies growing and exits not keeping up, funds are finding themselves with almost no dry powder.

AlpInvest, Ardian emerge as lead buyers on Stone Point multi-asset CV

The firm wants to move around eight assets into a separate vehicle to extend their hold periods.