Chris Witkowsky

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.

Belron operates various glass repair brands globally and is held in the firm's 2016-vintage Fund X.

The need for transparency, always a vital aspect of executing a GP-led deal, takes on greater significance when external M&A buyers express interest in picking off choice assets.

The process is one of the largest in the market, rivalling that of New Mountain Capital, which is moving five assets out of its 2007 fund in what could be a $2bn or more transaction.

The private equity giant joins TPG as the latest high-profile manager to raise a separate fund for GP-led secondaries.

Single-asset deals accounted for 30% of GP-led transactions in the first half, up from 20% in 2019, according to Evercore.

This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.