GP-Leds

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.

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.

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 first invested €150m in TagEnergy in 2022.

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.

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

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.

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

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.

Secondaries are becoming a structural part of the venture market, not just a short-term solution, according to Ravi Viswanathan of NewView Capital.