Silas Sloan

The denominator effect will resurface in 2025, motivating LPs to sell into the secondaries market for active portfolio management, according to a report from PJT.

While the exact size of the portfolio is unclear, Secondaries Investor understands the portfolio could range around the $5bn and $6bn mark.

The two continuation funds involve four assets from Leonard Green's 2011-vintage Green Equity Investors VI, which NIC backed in 2011.

The acquisition provides Sagard a ‘significant expansion’ into secondaries as it seeks to scale its evergreen product offering, chief executive Paul Desmarais III told Secondaries Investor.

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.

The Australian superannuation fund, which was looking to sell prior to the US’s tariff announcements, is facing difficulty gauging pricing amid recent uncertainty, head of PE Jenny Newmarch tells Secondaries Investor.

The secondaries market is shrouded in uncertainty after this week’s volatility. There are, however, reasons to remain upbeat over the longer term.

Amid the widespread adoption of continuation funds, an LP’s ability to roll into a fund is becoming more important.

While fundraising figures in the first quarter were lofty, most of the capital raised came from Ardian’s record-breaking close in January.

The €250m CV for biogas company Grupo Gestcompost is the largest transaction of its kind for Barcelona-headquartered Suma Capital.