GP-Leds

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

Our latest database of continuation vehicles has yielded a few surprising results.

The firm confirmed it had closed a $1.9bn CV-on-CV process for isolved this month.

The first half of the year saw 38 continuation vehicles close, with several more launching or being eyed, according to data gathered by Secondaries Investor.

More international investors are looking to India as China becomes more localised, according to research from the Global Private Capital Association.

The fund launched earlier this summer and is already close to catching the total of its predecessor.

The Mexican restaurant chain deal marks the first continuation vehicle for food sector-focused Butterfly Equity.

Gregory Hardiman, who previously co-led 17Capital’s US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.

Co-CEO Marc Lipschultz said ‘we plan to be the leader’ in GP-leds during the firm’s 31 July Q2 conference call.

An explosion of hefty – and, in some cases, repeat – continuation fund processes underscores the increasing maturation of Europe’s secondaries landscape.