GP-Leds

The total volume figure for real estate secondaries can change depending on the definition of GP-led deals.

The buyout firm had moved Curium Pharma into a €1.2bn single-asset continuation fund in 2020.

The lower mid-market, GP-led specialist Timber Bay Partners is bolstering its platform, joining a slew of other firms looking to do the same.

The firm is understood to be running a process to move the vegetation management services company out of its $934m Fund IV and into a new vehicle.

The secondaries market has remained red-hot. While the area is not without its hurdles, uncertainty in the first half once again reinforced its worth.

CVs of CVs have become a popular tool to maintain control of trophy assets, with several processes launching this year.

The transaction involves a continuation fund-like structure, Secondaries Investor understands, and includes an option for backers of the UK investment trust to roll into a new fund, filings show.

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.

Volume surpassed most full-year totals from the past decade in the wake of recent geopolitical tensions and macro uncertainty.

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