Most real estate GPs have either completed a recap or are actively exploring one, according to Scott Koenig, head of real estate secondaries at Neuberger Berman.
LPs have started raising concerns about their GPs’ value creation plans for those portfolio companies sitting within older funds, writes Giovanni Legorano. So, are long-held assets receiving enough TLC?
The firm’s Secondary Opportunities Fund V is the first vehicle raised since Patria acquired Aberdeen’s European private equity business.
UK-based software specialist Hg joins a growing number of direct private equity shops launching secondaries strategies as the segment of private markets continues on its growth spree.
The publicly listed asset manager is confident its latest secondaries vehicle will surpass the size of its $5.6bn predecessor, co-CEO Erik Hirsch said on the firm’s earnings call.
The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.
The investment bank has hired an executive director and vice-president, both based in London, Secondaries Investor has learned.
Growth in the retail space could come to the detriment of traditional LPs and their investment interests, says the Institutional Limited Partners Association.
Single-asset continuation funds continue to deliver a higher average TVPI compared with multi-asset vehicles, according to a report from Evercore and HEC Paris.
Coller Capital and State Street Investment Management will work together to broaden access to the secondaries market, according to Coller CIO and managing partner Jeremy Coller.