Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

HarbourVest said to step up as a lead investor on Roark GP-led

Some large processes are hitting delays as pricing is shifting in the changing markets, and building large enough syndicates for mega-deals has become challenging.
leverage

Half of GP-led deals could be using leverage – report

What was an exception is now mainstream, with buyers using leverage as bridging finance and to boost returns, according to Investec.
market

Secondaries Investor Advisory Survey 2022: Advisers adjust to new conditions after record year

The booming secondaries market is reflected in this year's survey, with several respondents closing on twice the deal volume recorded in pandemic-hit 2020.

Hamilton Lane leads on L Catterton $360m Asia strip sale

The transaction involves the asset manager and other institutional investors acquiring a structured minority interest in a portfolio of assets as part of the UBS-advised deal.
internet

Goldman said to step up as lead investor on KKR’s Internet Brands deal

The deal is among a handful of GP-led secondaries processes that have moved through the market, which has become more challenging because of pricing uncertainty.
education

Glendower lined up to lead renegotiated edtech deal

The process on a software company owned by Banneker Partners, led by a Vista co-founder, was to be priced off a Q4 stake sale until market sentiment turned.

ECP set to close on $1.6bn for Calpine continuation fund

Five years after the US power company's $17bn take-private, the energy-focused firm is rolling about 20% of the existing LPs into a single-asset vehicle.
Thermometer

Japan’s fund managers slowly warm to GP-led secondaries

GP-led activity is picking up thanks to a decline in exit activity during the pandemic and rising familiarity with the practice.
Dutch-Flag-and-sky.jpg

APG eyes second large LP portfolio sale as LPs struggle with fundraising pace

LPs are beset with a glut of requests for re-ups from their existing managers, in many cases at a much quicker pace than ever before.

Schroders leads on Emeram single-asset continuation fund

Unigestion is also understood to have participated in the transaction involving digital transformation services provider Init.
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