GP-Leds

Coller’s RMB fund leads on multi-asset GP-led deal

The APAC secondaries market is expected to have a strong 2025, and buyers in the Chinese market have an advantage.

Beware the motivated M&A buyer

There have been two recent instances of continuation funds falling by the wayside in favour of M&A. In some instances, this can cause real headaches.

AlpInvest emerges as lead on Bain Capital’s $2bn CV

The multi-asset CV was among several billion-plus GP-led processes that hit the market last year as firms sought to generate distributions for LPs.

GI Partners runs $1bn-plus CV process on data centre business Flexential

Infrastructure/real asset deals accounted for about 6% of the $84bn of GP-led volume last year, according to a Greenhill report.

No golden ticket

The GP-led secondaries market is continuing its growth spurt – both in terms of volume sought and new entrants. But there’s no guarantee that everyone will succeed.

Astorg disbands GP-led effort amid tough environment for new entrants

The firm’s decision comes two months after Secondaries Investor reported the European manager had put its blindpool GP-led secondaries fundraising plans on ice.

What’s driving the rise in private credit CVs?

While continuation funds offer a solve for managing complexities in private credit, managers must be mindful of the challenges.

New Hamilton Lane fund ‘democratises’ access to VC

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

New Mountain raises expectations for Real Chemistry CV to $3bn

Liquidity remains a main focus in the industry as exit activity has yet to pick up after a multi-year slump.

Munich Re on the co-invest dealflow ratio fallacy

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.