Deals

Mid-life investments can offer a solve to generate liquidity and realisations, stepping into the place of CV deals that can be complicated where co-investors have backed an asset, Neuberger's head of European PE Joana Rocha Scaff says on the latest edition of PEI Group's Commitment Issues podcast.

Secondaries are evolving from a problem-solving backstop into a strategic tool for North American LPs navigating liquidity constraints and portfolio complexity.

The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.

The portfolio is being sold to a newly formed joint venture established between funds managed by Arrow Global Group and Fortress Investment Group.

While some software businesses are poised to become stronger on the back of a wave of AI innovation, there will be others that suffer or become obsolete, says managing director Jeff Keay.

StepStone co-underwrote the transaction, which includes Arrive Group, marking the second time a PE firm has moved its exposure to this asset into a CV.

The GP-led market is expected to see a more 'mixed-quality' set of assets come through, according to StepStone’s Philippe Ferneini.

Some LPs are finding themselves as forced sellers in CVs because of the length of time given in election periods.

The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.