Apogem and Headlands among investors on Timber Bay Partners-led deal
New equity and debt capital was raised on a GP-led structured secondaries deal for RFE Investment Partners’ asset ZRG in an Atlantic-Pacific Capital-advised deal.
Infra manager ArcLight closes second continuation fund
The mid-market sustainable infrastructure investor's process around midstream infrastructure group Third Coast began with a first close on the CV in July.
GIC emerges as investor in KSL’s Alterra single-asset process
The deal is one of the higher profile GP-led secondaries to emerge from the slowdown in activity in the second half of 2022.
As capital calls outpace distributions, LP secondaries take center stage: Jefferies
Market professionals anticipate 2023 will be a record year as pent-up demand bursts through pricing hesitation and stored-up dry powder is unleashed.
Second-biggest year on record for secondaries market with $103bn in volume – Evercore
The majority of volume last year was for LP-led transactions, according to the investment bank’s 2022 Secondary Market Synopsis, shared with Secondaries Investor.
Secondaries players spy opportunity in China reopening
Speaking at the HKVCA’s annual forum, Colin Sau, managing partner of TR Capital, said the firm is increasing its focus on China in 2023 after a slowdown in recent years.
Impact manager Summa working with UBS on single-asset continuation fund
Summa Equity is looking to move Norwegian biowaste company Norsk Gjenvinning from its debut fund to a separate vehicle.
Harvest tender offer closes with what some see as tepid LP sales
The Harvest process allowed LPs in the firm’s seventh and eighth funds to sell their stakes at relatively high prices compared to other recent deals.
TR Capital leads on $150m India multi-asset continuation fund
Other buyers including Axiom Asia, StepStone Group and Unigestion participated in the continuation fund that will house three companies.
Looking back: 5 deals that caught our eye in 2022
A massive LP sale, an energy-focused single-asset deal and an Asian continuation fund were among transactions that stood out during the year.
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