Pantheon leads on SMBC’s secondaries deal to seed €450m private credit vehicle
A strip of performing loan investments have been moved off SMBC Group’s balance sheet to establish a new fund, according to a statement seen by Secondaries Investor.
Dutch pension MN part of wave of big LPs seeking liquidity
The deal is part of a series of large LP sales driven by liquidity concerns, the need to rebalance investment exposures in investment portfolios and strong pricing for high-quality private markets funds.
Lexington, Eurazeo among backers of Astorg’s €1.4bn Normec deal
Secondaries Investor reported in May that CVC Secondary Partners and Pantheon were leading the transaction around TIC asset Normec.
BNP insurance arm looks to offload portfolio worth up to €800m
The €255bn unit of French financial giant BNP Paribas Group wants to sell a bundle of private equity and infrastructure stakes, Secondaries Investor has learned.
APG pulls plug on multibillion-dollar portfolio sale
The Dutch pension giant had brought a portfolio worth $2bn-$3bn to market, Secondaries Investor reported in June.
Canadian pension IMCO closes large LP portfolio sale
Some LPs not in need of liquidity use the secondaries market as a way to tweak their portfolio's construction, which is the case with IMCO.
Clearlake mulls single-asset CV for marketing software asset
The deal is in the early stage and marks Clearlake’s continued efforts to build up its single-asset CV programme.
Diversis runs single-asset process on SaaS-focused Tempo
Diversis, formed in 2013, acquired a majority stake in Tempo in 2018, and bought the rest of the company in 2022.
CalPERS quietly probes market for pricing ahead of potential sale
As part of the system’s policy established in 2022, the pension has been building exposure to areas of private equity it may have skipped in the past such as smaller funds and growth-focused GPs.
Dutch pension APG shops one of the largest LP portfolios of the year
The pension giant is understood to be looking to offload LP stakes valued between $2bn and just over $3bn.