GP-Leds

Adams Street, Barings, Kline Hill co-lead on transportation asset CV

The deal involves transferring an asset to a continuation fund managed by TRP Capital, a lower mid-market player with no prior engagement in GP-led secondaries.

Vestar seeks liquidity from Circana investment in $1bn-plus single-asset deal

GP-led deals represented about 44% of the approximately $109bn in total volume last year, with single-asset transactions representing the majority of such deals.

TPG to close debut GP-led secondaries fund by year-end

The final close of TPG GP Solutions will be one of the key pillars driving the firm’s growth in 2024, CEO Jon Winkelried said in its latest earnings call.

Maine pension to propose policy changes for continuation fund opportunities

The $19.1bn system looks to become the latest public pension to change rules to allow flexibility.

KSL Capital sees strong growth ahead after $3bn Alterra single-asset deal

The Morgan Stanley-advised process on ski resort Alterra Mountain was backed by investors understood to include Singapore’s GIC.

How do continuation funds really perform?

Morgan Stanley research shared exclusively with Secondaries Investor provides evidence that continuation vehicles can meaningfully outperform buyout funds on a median basis

Astorg seeks €1bn-plus continuation fund for ‘TIC’ industry asset

The firm has previously tapped the secondaries market to run a €1.3bn single-asset process on investor administration group IQ-EQ.

StepStone buys in VC strip sale with double unicorn exposure

Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.

Liquidity the primary use case for GPs looking to enter secondaries processes – PJT

More than one in four GPs used the secondaries market to extend hold periods, while a further 18% were enticed by unfunded commitments, according to the investment bank.