GP-Leds

Hollyport gains partner in New York amid flurry of promotions

Andrew Ward joins Mike Catts as one of two partners in the firm’s New York office.

Beyond CVs: The rise of direct secondaries

While continuation vehicles may not always be the optimal solution for sponsors and LPs, other attractive liquidity solutions are gaining in popularity, writes Todd Miller, partner at W Capital Partners.

LGT’s Heitmann: 2025 could be another record year for GP-leds

LGT partner Martha Heitmann discusses the firm’s flagship and single-asset strategies, opportunities in the smaller end of the secondaries market and predictions for GP-led activities in 2025.

Rothschild taps secondaries vet Lanel to advise on GP-leds – updated

Nicolas Lanel, who headed European secondaries advisory at Evercore and UBS before founding Flow Advisors, will support the private capital unit’s development in Europe, Secondaries Investor has learned.

Offloading stakes a top consideration for 40% of LPs in 2025 – report

Secondaries were seen as offering the best investment opportunities for about 28% of LPs this year, up from 24% in 2023, according to a survey from Adams Street Partners.

Warburg taps LGT Capital partner to co-lead GP-led secondaries strategy

The firm’s Partnership Solutions business will back single- and concentrated multi-asset CVs and will also be co-led by a two-decade veteran of the private equity giant.

Pantheon closes second dedicated GP-led programme on $1.1bn

The strategy is nearly double the size of its predecessor, which closed in 2021.

Partners Group acquires $2.2bn of energy assets from Avenue’s CV

There have been few documented cases of continuation vehicle exits given the nascent nature of such transactions. The deal has become the latest example.

When will we see a $10bn CV? Probably soon

Rising acceptance of continuation funds could drive further growth in the GP-led space, industry participants said at PEI Group’s NEXUS 2025 event in Orlando last week.

Alaska’s Waldrop on why the SWF is not a seller in the LP-led market

Alaska Permanent Fund’s deputy CIO for private markets, Allen Waldrop, explains why the SWF has been a buyer in the CV market and has not been a seller even when it has been overallocated to PE.