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.
The School Employees Retirement System of Ohio recently confirmed a commitment to the continuation vehicle.
In this podcast episode, Second Thoughts host Madeleine Farman and Americas correspondent Hannah Zhang talk through the spaces to watch in secondaries as end-of-year activity surges.
While a rarity, managers are considering continuation funds on continuation funds, market sources tell Secondaries Investor. Could this become more commonplace across the longer term?
Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.
The process involved moving a portfolio of buyout and growth stakes from North American and European managers into a new vehicle.
The firm has appointed 15 people this year alone, including to newly created finance director and head of tax roles.
The firm thinks it can help clients seeking to balance portfolios and manage liquidity due to lower exit volumes, chief executive Christian Sinding said on its earnings call.
The Paris-headquartered asset manager is looking to extend its hold on a portfolio company within its mid-cap European Expansion strategy, Secondaries Investor has learned.
The portfolio was offloaded by a US-based institutional seller and comprises over 1,500 loans.
A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.