Recent weeks have seen a surge of LP portfolio sales that some believe will swell into a wave of transactions.
The new vehicle will house Onex’s stake in global tax services and software provider Ryan, Secondaries Investor has learned.
The deal, which has been in market since at least earlier this year, is separate from the widely reported 'strip sale' Tiger has been running to sell stakes in direct assets.
The deal would be highly customised, targeting specific assets rather than a broad-based tender of LP interests across older funds.
The real estate secondaries firm has received backing from a sovereign wealth fund to establish a platform investing in mid-market managers.
Around 20 minority stakes in venture-stage climate companies have been moved into an externally managed continuation fund.
More LPs in Asia-Pacific are willing to cash out in a sponsor-initiated process to accelerate distributions than their North America and European counterparts.
The firm deployed 45% less capital in 2022 than its record of $16.8bn in 2021.
The promotions bring the number of team members elevated this year to 15.
Clipway has assembled a team that includes New York City Retirement Systems' former head of private equity, Secondaries Investor has learned.
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