GP-Leds

BlackRock’s GIP seeks over $1.7bn CV to house stake in UK airport

The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.

StepStone leads Gemspring’s CV for chemical distributor company

Gemspring plans to transfer Texas-based chemicals distributor Shrieve Chemical Company into a continuation fund.

Warburg lines up lead investors for $2bn multi-asset CV on its own

Some firms have been through large secondaries processes in the past and are more familiar with how they work, according to sources.

HCI closes first CV on two food services assets

The $550m multi-asset fund highlights the increasing adoption of the CV technology among mid-market sponsors.

Ardian seeks more than $1bn for debut single asset CV-focused vehicle

Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.

EQT likely to avoid LP-leds in secondaries build game plan

LP portfolio transactions deals don’t ‘play to the strengths’ of the Northern European powerhouse’s active ownership model, according to CFO Kim Henriksson.

New Mountain eyes $2.5bn process to extend hold over Real Chemistry

GP-led deals represented about 46% of the $40bn-$45bn of secondaries volume in the third quarter, according to research from PJT Park Hill.

HarbourVest leading $3bn multi-asset CV from General Atlantic

The deal will allow GA to hold onto four assets, including website builder Squarespace.

TPG closes debut GP-led fund on more than $1.8bn after long fundraise

TPG GP Solutions has been an active backer of GP-led continuation funds across North America and Europe following its launch in January 2022.

Sweetwater seeks $650m for largest fund to date

The firm, founded by a former StepStone partner, focuses on GP-leds and direct secondaries.