Head of secondaries Cari Lodge tells Secondaries Investor about deployment plans for the firm’s fourth secondaries vehicle, which closed on $1.1bn earlier this month.
The deal would allow Rubenstein to sell partial stakes in several assets, which will support his investment in the Baltimore Orioles Major League Baseball franchise, sources said.
In this second episode of the Decade of Secondaries Investing miniseries, Blackstone's Verdun Perry and Evercore's Nigel Dawn look at how the continuation fund market has evolved over the last decade and how it may evolve in the years to come.
The deal is part of a wave of LP secondaries driven by fund investors' desire to get proceeds from older funds.
'Valuations have returned to a steady state, but GPs are facing more significant DPI challenges than ever,' W Capital Partners' David Wachter tells Secondaries Investor.
“What if tomorrow CDPQ in Canada and Allianz in Germany say they’re going to allocate €1bn to GP-leds every year? They could. They should even, to be honest," says Reach Capital's co-founder and managing partner William Barrett.
The mid-market specialist is seeking €1.5bn for Unigestion Secondary VI, according to Secondaries Investor data.
The new secondaries buyer founded by Mantra’s former head of secondaries Fabrice Moyne has an opportunistic and flexible approach across structures and strategies, its partners say.
The innovative transaction involves StepStone providing funding for MLC Private Equity's seed portfolio and additional capital for its new investments.
The US has traditionally dominated the real estate secondaries market, but Europe and Asia are poised to make up ground.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: