The secondaries vehicle exceeded its initial target by nearly three times.
CVC is the latest manager to seek out a large continuation fund for a Europe-headquartered asset, Secondaries Investor has learned.
Venture capital firms are motivated to find ways to return capital to their LPs. Beyond continuation funds, these managers are running strip sales, preferred equity deals and tender offer processes to generate liquidity.
Secondaries buyers have been eyeing both RMB- or USD-denominated opportunities in China as managers contend with a dearth of exits, investment principal Karen Tse tells Secondaries Investor.
Industry leaders from around the market share their recommendations for you to read by the pool this summer.
Global head of Blackstone Strategic Partners Verdun Perry told Secondaries Investor in 2019 that debt secondaries was a strategy still too immature for serious consideration.
More venture firms are following the lead of buyout firms by creating continuation funds to provide liquidity to LPs in older funds. Here are the pluses and minuses for GPs and LPs considering CVs.
The firm is looking to double the size of its ‘small but mighty’ secondaries team in the next 18 months.
The firm's infrastructure partnership investments unit has generated $1.5bn for investors in the first half of this year.
More capital was raised for secondaries in the first six months of this year than any other first half since the strategy's inception.