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.

healthcare

StepStone leads $670m multi-fund healthcare restructuring

Medical devices business Confluent accounted for a majority of NAV in a transaction involving Ampersand Capital Partners.
insurance

W&I insurance: why it has a role to play in secondaries

The rise of GP-led deals has highlighted the importance of liability protection, bringing warranty & indemnity insurance into the secondary market, say insurance broker Lockton and law firm Akin Gump.
Jasmin

Real economy concerns hinder secondaries market recovery

The flight towards high-quality assets is ongoing as buyers wait for clarity on the real economic impact of covid-19, according to Jasmin Capital's head of secondaries.
pie

Dyal eyes uniquely structured process on third GP stakes fund

Buyers who have shown interest so far include some traditional secondaries firms, sovereign wealth funds and insurance companies.
Seafood

HarbourVest backs €350m Portobello restructuring

This is the second GP-led process that HarbourVest has led on a Portobello fund, after the 2015 restructuring of 2006-vintage Fund II.
fibre

Ardian among backers of €1bn-plus infra GP-led

The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.
piece of pie

Secondaries firms: Who owns what?

Last week, Newbury Partners sold a position to GP stakes fund RidgeLake Partners. We looked at the ownership of firms that comprise our SI 30 ranking to see who might be next.
Sunaina Sinha_Cebile

Carry rollover in GP-leds: 70% is the new normal

Strong buyer demand is allowing some GPs to drive better terms for themselves on manager-led deals, according to panellists at PEI's Women in Private Equity Forum.
Beijing

China rule change set to boost domestic secondaries market

Yuan-denominated funds have raised magnitudes more than dollar-denominated funds, though a lack of buyers has hindered the growth of a secondaries market.
lightbulb

Hollyport backs US tech fund restructuring

The process, which was also backed by two co-investors, centres on a 2010-vintage fund with 10 assets across software, technology and healthcare sectors.
si
si

Copyright PEI Media

Not for publication, email or dissemination