Madeleine Farman
Madeleine Farman is the editor of PEI Group’s Secondaries Investor title based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
While some LPs that had planned to sell into the secondaries market this year are mulling whether the time is right, others are ploughing ahead with their processes – for now.
The sale follows the close of Ardian’s latest secondaries flagship programme on a record-breaking $30bn.
The median MOIC for continuation funds slightly outperforms that of buyouts, in line with findings presented early last year including a larger data set, according to a report.
Five Arrows' Secondary Opportunities VI launched in 2023 and will focus on mid-market opportunities.
The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.
The placement agent, which takes a generalist approach to primary and secondaries advisory, has made a number of hires from advisers including Mercury, chief executive Paul Buckley tells Secondaries Investor.
The investment bank is the latest adviser to tap peers for secondaries talent, with Moelis hiring Matt Wesley from Jefferies this year.
Montana Capital Partners acquired the interests via a strip sale which it then transferred over to a new vehicle managed by Prudential Financial.
The single-asset process will allow the firm to hold onto a software company which was part of a multi-asset deal it ran in 2019, Secondaries Investor has learned.
HarbourVest and Goldman Sachs are understood to be the lead buyers on the multi-asset continuation fund and a single-asset continuation fund, respectively.