Firms & Funds

Fundraising for specialised vehicles including its fifth secondaries programme helped drive revenue in the quarter to June, according to the firm's latest results.

Deal volume will rise as distressed sellers and mainstream sellers adapt to an environment changed by the global pandemic, Jeremy Coller has said.

The placement agent and secondaries advisor has made two hires in its New York office who will work on secondaries and fund placement.

Buyers being cautious of imminent write-downs in H1 fuelled the lowest pricing since 2012, according to the advisor's latest mid-year report.

Funds managed by AlpInvest doubled fee related earnings to $12m in Q2 2020.

TPG has become the latest multi-asset manager to enter the secondaries market and will probably not be the last this year.

Milan-based NB Renaissance Partners sold down part of its stake in a 'covid-proof' engineering business to a group of secondaries investors.

Mathieu Dréan of advisory firm Triago spoke to Secondaries Investor about the deals that are getting done in H1 and what is motivating buyers and sellers.

Major lenders in subscription credit facilities reined in new lending shortly after the crisis began in March, focusing on existing clients and facing various constraints. Smaller banks have been stepping in to the breach.

Groups like Coller-backed Liquid Stock, which offers employees financing to exercise stock options in exchange for future upside, have seen healthy business during the downturn.