Goldman Sachs, AlpInvest lead Cinven’s Barentz secondary
The continuation fund for global life science ingredients distributor Barentz is understood to be around €850m in size.
AlpInvest launches $2.3bn JV with Northwestern Mutual Capital – updated
The deal is an example of the kind of complex transactions LPs can use to capture liquidity from their private equity programmes at a time of slow exit activity.
USS runs large secondary sale with strong pricing in busy market
LP sales continue to drive secondaries activity as limited partners look for ways to capture liquidity from their illiquid PE portfolios amid a slowdown in distributions.
ICG explores single-asset continuation fund for fire protection asset
ICG and Kirkbi A/S acquired Minimax in 2014 with ICG and co-investors acquiring Kirkbi's stake in 2018.
Coller, Ardian and Glendower emerge as backers of Permira’s multi-asset deal
Permira is moving five assets into a continuation fund including US customer experience solutions provider Genesys, which was previously part of a continuation fund transaction in 2020.
Goldman PE group runs big single-asset process on healthcare business
While demand among GPs for liquidity options to pay back LPs in older funds is strong, the limiting factor is the relatively small pool of capital available for such deals.
CVC seeks single-asset continuation fund for Italian university group
The buyout giant initially backed Multiversity in 2019 before acquiring 100% of the online university group in 2021.
Adams Street, Barings, Kline Hill co-lead on transportation asset CV
The deal involves transferring an asset to a continuation fund managed by TRP Capital, a lower mid-market player with no prior engagement in GP-led secondaries.
Vestar seeks liquidity from Circana investment in $1bn-plus single-asset deal
GP-led deals represented about 44% of the approximately $109bn in total volume last year, with single-asset transactions representing the majority of such deals.
Blue Earth plans secondaries impact strategy, inks portfolio acquisition
Blue Earth’s secondaries strategy – part of its soon-to-launch multi-strategy fund – has just acquired a portfolio of fund stakes from a UK development finance institution.