GP-Leds

Federated Hermes secures $600m pref equity deal from Carlyle AlpInvest

Horizon II, a private equity mandate Federated Hermes was awarded by the BT Pension Scheme, has received the LP-interest financing.

Over half of LPs seek to buy and sell LP-led positions on the secondaries market – Coller

Coller Capital’s latest Global Private Capital Barometer also found that over a third of LPs plan to increase their commitments to secondaries over the next 12 months.

Florida SBA’s Bradley: Retail capital driving down secondaries returns

The $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.

QHP Capital runs single-asset CV process for pharma company – updated

It’s not the first time that the North Carolina-based PE firm has run a CV to extend its hold of a top-performing asset.

Mirova ‘wrapping up’ fundraising for €100m continuation vehicle

Mirova first invested €150m in TagEnergy in 2022.

PAI Partners seeks cherry on top with second CV for ice cream maker

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

Ares leads on Antares’ $1.2bn credit continuation vehicle

The deal allowed Antares to acquire its 100 underlying first-lien, floating rates loans.

CVs offer lower return dispersion compared with buyout funds – Evercore

A report by the investment bank and the HEC School of Management in Paris has reaffirmed findings that continuation funds perform largely in line with buyout funds with less risk.

Around half of buyers expect increased deployment in 2025 amid volatility – Lazard

A large portion of secondaries investors expect to increase ticket sizes this year, according to a snapshot report.

Underlying value of companies within CVs accelerates in 2024 – Houlihan Lokey

Nearly 45% of companies within single-asset CVs had an implied TEV greater than $2bn last year reflecting minority interest or strip sales for larger companies being used in these deals.