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.

London

Exponent closes pref equity deal on £1bn third fund – exclusive

The UK mid-market buyout firm has been working with advisor Goldman Sachs on securing financing for its 2015-vintage fund.
Brazil

Coronavirus crisis could reignite LatAm GP-led opportunity

2020 was set to be a good year for exits in LatAm, and covid-19 is forcing GPs to consider other options, according to Brazil's Spectra Investments.
Paris

Ardian’s secondaries activity in 2019

Details of the firm's transactions last year across private equity and infrastructure secondaries were outlined in its latest activity report.
drought

Dyal’s $1bn securitisation shows cash is king – updated

The Neuberger Berman unit’s management-fees securitisation this week shows GPs are coming up with novel ways to give liquidity.
ice

Dyal shelves GP-led process on Fund III, closes $1bn securitisation

The Neuberger Berman unit has securitised future cashflows from underlying GPs' management fees to return distributions to its LPs.
home shopping

ICG to back Providence single-asset deal on German TV channel

HSE24 is owned by Providence Equity Partners, which hired Evercore to explore a GP-led process at the start of this year.
VC

Pantheon backs Idinvest venture GP-led

The deal gave liquidity to 40,000 retail investors who averaged a 3x return on invest, Secondaries Investor has learned.
Uruguay and Argentina two flags together textile cloth, fabric texture

LatAm’s Southern Cross nears close on restructuring of 2010-vintage fund

The process is one of the few fund restructurings of size to proceed through the coronavirus downturn.
fintech

BlackRock, Neuberger back Nordic single-asset directs deal

The process centred around star fintech asset Trustly and included backing from Investment Corporation of Dubai and Retirement System Investment Commission of South Carolina.

Five tips for running a fair auction

Market participants from Evercore, Partners Group, Debevoise & Plimpton and Ropes & Gray share their perspectives on running a secondaries auction process that works smoothly for all parties.
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