Chris Witkowsky
The tech specialist is among several high-profile private equity firms tapping the secondaries market this year.
Alternatives has more than $6trn in assets under management, and only about $100bn of that trades hands in secondaries, according to the firm's president Jonathan Gray.
The private equity firm’s latest fund, the $16bn Capital Partners Fund IX, is understood to be participating in the transaction.
The pension giant is understood to be selling a portfolio containing high-quality stakes.
The deal is one of only a few that have proceeded through the pandemic downturn, which otherwise has stopped most secondaries deal activity.
The line between co-investing and secondaries has become increasingly blurred as buyers show more appetite for single-asset deals.
Christiaan van der Kam, partner in secondaries, will be leaving Unigestion by mid-August.
Preferred equity has become one of the options for GPs who need additional capital for existing portfolio companies.
The virus outbreak, which has hammered the broader economy for several weeks as business activity slows, is causing sellers to delay bringing secondary deals to market.
The vehicle's largest company is in limbo until the first quarter, when the FCC will set new reimbursement rates that will allow potential buyers to price it.
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