Chris Witkowsky

The secondary is the first for Inovia, and represents a rare instance of not only a large continuation fund process in Canada, but one that involves VC assets as well.

Several firms have added secondaries capabilities, either by building in-house groups or acquiring outside firms, like Ares Management, which bought Landmark Partners earlier this year.

The process on the world's second-largest talent agency was led by Goldman Sachs, with ICG and Neuberger Berman as part of the investor group.

The capital solutions group was formed to combine the bank’s GP-led secondaries advisory activity with its efforts to source capital for direct and co-investments.

The deal, which involved buying fund stakes from Aberdeen Standard Investments, is the first of size for ICG's LP funds team, led by two ex-Pomona executives.

Nexus’s fund is young compared to most GP-led deals, though some recent transactions have involved younger assets in what appears to be something of an expansion of the scope of the strategy.

Igor Rozenblit, former co-head of the US Securities and Exchange Commission's private funds unit, discusses the advent of continuation funds and the biggest regulatory risks facing the PE industry in this seven-minute podcast.

The deal is one of several that allow large organisations to shift private equity into new vehicles that provide more space, and fresh capital, to continue building out the strategy.

The original deal was set to be one of the largest GP-led secondaries ever, but well into the process Panasonic decided to acquire the largest asset, supply chain software provider Blue Yonder.

StepStone plans to integrate the Greenspring team into its existing venture and growth practice, including setting up a joint investment committee.