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.
StepStone co-underwrote the transaction, which includes Arrive Group, marking the second time a PE firm has moved its exposure to this asset into a CV.
The world may be reeling from geopolitical shock after geopolitical shock, but this uncertainty is only fuelling record-breaking secondaries activity.
The vehicle, raised in partnership by the two firms, exceeded its $300m target to close on its hard-cap, Secondaries Investor has learned.
Over half of CVs have carried interest waterfalls with both IRR and MOIC return thresholds, according to the law firm's upcoming report on CV term trends.
Pantheon has been given the regulatory green light for its evergreen Global Infrastructure Secondaries Fund, while Ardian has launched an evergreen feeder fund to tap Australian wholesale investors.
Some LPs are finding themselves as forced sellers in CVs because of the length of time given in election periods.
The pair expect to expand into real asset secondaries and build out an insurance offering as the secondaries firm plans its next flagship and credit raise.
The key takeaways from Secondaries Investor's inaugural survey of LPs, secondaries buyers, GPs and advisers.
The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.
The financial services-focused firm, which hired Brookfield’s former co-head of sponsor solutions Mark McDonald earlier this year, sees opportunity in its historic area of focus: the European mid-market.