GP-Leds

Share of commitments for GP-led deals to grow in 2025 – Lazard

LP-led sales made up 52% of the record $152bn of secondaries volume seen last year, according to Lazard’s latest market report.

TPG emerges as buyer on Providence’s education-focused CV

Providence’s single-asset deal for Globeducate was one of two deals it was shopping in the market last year, Secondaries Investor understands.

What makes a good candidate for a single-asset continuation fund?

Rob Campbell, head of North America at ICG’s Strategic Equity unit, outlines elements for a successful CV when just one asset is involved and why such deals differ from co-investments.

While far from an avalanche, opportunities to emerge in Europe in 2025

Executives from Coller Capital, HSBC, Lazard, PJT Park Hill and more opine on likely drivers of dealflow in the region this year.

UK’s biggest private pension urges GP transparency around CVs, NAV loans

There have been cases when continuation funds have been ‘misused and overused’, according to Teia Merring, senior investment director at USS and chair of ILPA.

Partners Group, Port Adv, Goldman back debut VC continuation fund

Trinity Ventures’ deal involves moving 15 assets from its 11th flagship fund to a separate vehicle.

Blackstone’s former head of GP stakes launches secondaries firm

SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.

Flexstone closes on €200m for first dedicated secondaries vehicle

Mid-Market Secondaries III, the successor to co-investment and secondaries-focused vehicle Select Opportunities Fund II, reached its target.

Top five secondaries deals of 2024

The secondaries market anticipates 2024 will be a record year for volume, with first-half figures coming in at between $68bn and $72bn.

Bego: GP-led continuation vehicles still in demand, even as M&A picks up

There’s a growing set of more than 28,000 buyout companies with diminished IPO and M&A exit avenues, according to Kline Hill Partners’ Mike Bego.