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Cloud file-sharing service WeTransfer brings in secondary investors

Early shareholders in the technology company sold to a consortium led by HPE Growth Capital via a direct secondaries deal.

Secondaries under-performs other strategies over all periods

Returns for secondaries funds rose slightly on a quarterly basis, but the strategy has performed below the All Funds benchmark across all periods, according to data from the Institutional Limited Partners Association.

Debt fund GP-led deals enjoy bumper first half – report

Credit and distressed funds accounted for 20% of GP-leds deals in H1, according to data from Greenhill.
GP commitment

GPs with more skin in the game make safer bets – report

GP ownership is a significant factor in risk-taking, according to a study from the Norwegian School of Business and Goethe University Frankfurt.
treasure chest

One man’s treasure: Why LPs are selling less and rolling more

Evercore's half-yearly report highlights a notable decline in the proportion of LPs choosing to sell in GP-led processes. This could be indicative of profound, longer-term changes.
Arrows on a chart

Fund of firms: Who owns what?

With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, here's a look at which firms have been on the acquisition trail.

Korea’s GEPS issues RFP for secondaries managers

The South Korean government pension fund wants to commit $100m in total.
Leith Moghli

Proskauer hires former Kirkland partner

Leith Moghli joins from Reed Smith and focuses on secondaries transactions, fund formation and fund incentive arrangements.
White Plains, New York state

Crestview seeks staple in multibillion secondaries deal – exclusive

The firm, founded by two former senior Goldman Sachs executives, is running a tender offer involving around $4.6bn of net asset value.

Greenspring ups target by 85% on latest VC fund

The firm is targeting $600m for Greenspring Secondaries Fund IV, having sought $325m for its 2017-vintage predecessor.

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