GP-Leds

Ham Lane, StepStone lead on single-asset deal for software company

The continuation fund is the second time St Louis-based Thompson Street Capital has used the GP-led secondaries market.

AlpInvest emerges as lead buyer on TJC’s $2bn+ multi-asset CV

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

Partners Group to back Portobello CV on hotel chain asset

The asset, BLUESEA Hotels, aims to become the market leader in three- and four-star hotels and resorts in Spain.

ICG’s Durteste: We’re putting the brakes on larger GP-led deployment

There is a ‘huge supply/demand imbalance, particularly for larger sized transactions’ which is leading to the firm doing this, according to the firm’s chief investment officer and CEO.

Ardian to manage GP-leds account for $56bn Connecticut pension

Connecticut Retirement Plans and Trust Funds wants to further capture attractive sponsor initiated investment opportunities in addition to the ones it sees via its managers.

Advent mulls single-asset CV for tech company Xplor

The CV process places Advent among a group of PE powerhouses that are exploring similar processes for their software companies.

Half time: How is the market faring as we move into the second half of 2024?

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

Nebraska Investment Council advised to sell in TJC’s multi-asset CV

The assets in the process run by the firm formerly known as The Jordan Company ‘do not appear to have the ability to generate outsized returns’, according to adviser Aon.

Lexington, Apollo and CVC Secondary Partners to back Gryphon’s continuation fund for Vessco Water

GP-led deal volume reached an estimated $28bn in the first half, a 56% increase from the same period last year, according to Jefferies’ first-half volume report.

Providence seeks continuation fund for education group Globeducate

Providence agreed to sell part of its stake in the group to listed investment firm Wendel in July.