GP-Leds

North Carolina eyes GP-led secondaries, opens up to more co-investment

The US pension’s investment committed noted the global secondaries market is a more intriguing opportunity after deal volume hit a record in the first half of this year.

What do LPs really think of continuation funds?

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

Credit secondaries remains hot as Coller steps up on $1.6bn GP-led

Abry Partners’ move to seed a new private credit strategy via a continuation fund marks the latest credit secondaries deal used to kick start a new business line.

GP-leds account for just 3% of annual distributions to LPs – Ham Lane

Data from the consultant prepared for Teachers’ Retirement System of Louisiana shows the strategy still has room to grow.

Kian Capital partnered with fund LP Apogem to extend hold over SPATCO Energy

The firm was best positioned to know the asset well, which helped inform its ability to set an appropriate price, according to Kian managing partner Kevin McCarthy.

Will the ‘nice guy’ era of secondaries one day come to an end?

A recent GP-led process that came across our desks suggests the collaborative nature of the secondaries market is alive and kicking – for now.

Inside Blue Owl’s GP stakes continuation fund transaction

The transaction has been backed by capital from long-term yield-oriented institutions and not traditional secondaries firms.

‘We wouldn’t rule out a CV in the future’: SMBC’s EMEA levfin head on its €450m fund

Pantheon took the lead on SMBC’s secondaries transaction to seed a private credit fund.

How FSN Capital overcame ‘scepticism’ to run continuation fund process

The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.

Lexington steps up as lead in Clearlake’s $1bn Constant Contact single-asset

Secondaries Investor reported in June that the technology, industrial and consumer-focused firm was working with Evercore on a transaction.