GP-Leds

The SEC’s aim for more standardised GP-led real estate secondaries transactions will step up a gear with the likely introduction of regulations in 2024.

Presidio saw an opportunity to extend its hold over Elevate as it continues to implement its growth plan that includes further spending and future acquisitions.

Sponsor-initiated processes will have to be reported to the regulator within 60 days from the end of each quarter.

Continuation funds could provide sponsors with more time and capital to execute transformative sustainability initiatives.

Some LPs have felt so frustrated at the way continuation fund processes have been run that they have decided not to re-up with their manager, representatives from the investor body told Secondaries Investor.

Coller acted as sole lead on the transaction, which represents the third deal the firm has carried out with China’s Legend Capital.

Healthcare specialist BPOC moved five assets into a separate fund in an Asante-advised process.

The transaction follows another lead position for Montana on a €146m single-asset vehicle last year.

As prices generally come with discounts to net asset value, existing LPs have been slow to sell in tender processes.

The firm wants to move CycloMedia and Digital Barriers into a separate vehicle with as much as €300m in NAV.