StepStone leads on $762m Australian secondary deal
The innovative transaction involves StepStone providing funding for MLC Private Equity's seed portfolio and additional capital for its new investments.
StepStone leads on $175m insurance-focused continuation fund
Hudson Structured Capital Management has moved five assets out of a multi-sector insurance-focused fund into a continuation vehicle.
ICG’s Strategic Equity steps up as buyer on CVC’s single asset
LPs will be given the option to roll or sell on CVC’s continuation fund process for Multiversity, which is understood to be €1.5bn-€2bn in size, Secondaries Investor learns.
Continuation fund investors eye payout in Leonard Green’s SRS Distribution exit
While Leonard Green’s transaction is giving cash-out LPs the benefit of both processes, the 'quick flip' issue remains controversial in continuation fund deals where assets are quickly exited.
Wellspring to close nearly $1bn multi-asset deal with Neuberger, Lexington
Continuation fund will hold Wellspring portfolio companies SupplyOne, Cadence and Pentec Health, and includes $125m of unfunded capital for growth.
Montana, Committed Advisors among buyers of latest Taiwanese portfolio sale
Shin Kong Life's portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.
Kaiser Permanente shops ‘multi-billion dollar’ portfolio as pricing strengthens
The deal comes as LP secondaries sales keep steady and drive activity with strong pricing and sellers eager to capture liquidity from private equity portfolios.
Goldman Sachs, AlpInvest lead Cinven’s Barentz secondary
The continuation fund for global life science ingredients distributor Barentz is understood to be around €850m in size.
AlpInvest launches $2.3bn JV with Northwestern Mutual Capital – updated
The deal is an example of the kind of complex transactions LPs can use to capture liquidity from their private equity programmes at a time of slow exit activity.
USS runs large secondary sale with strong pricing in busy market
LP sales continue to drive secondaries activity as limited partners look for ways to capture liquidity from their illiquid PE portfolios amid a slowdown in distributions.
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