Madeleine Farman
The buyout and growth firm is the lead buyer in the GP-led deal – the latest example of a non-secondaries firm backing a secondaries deal.
UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.
The Paris-headquartered buyout shop is 'absolutely ready to do a deal', having secured capital for investments, co-heads Michal Lange and Sebastiaan van den Berg tell Secondaries Investor.
Committed Advisors Secondary Fund V surpassed its target and is significantly larger than its €1.6bn predecessor.
Banner Ridge reached a $2.15bn final close for its latest flagship fund this year, smashing its $1.4bn target.
Northleaf collected $1.3bn – above its $1.25bn target – for its latest private equity-focused secondaries fund last year.
The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.
The investment bank's secondaries business has joined forces with Capstone under a new unit of the Japanese bank.
Lexington Capital Partners X is more than 60% larger than its predecessor, which closed on $14bn in 2020.
Market participants give their predictions for the secondaries market, noting that the amount of dry powder available will limit activity and leave buyers able to cherry-pick transactions.