Tesco pension sells £1bn portfolio to multiple buyers
The LP portfolio sale was among a slew of such deals launched since last year that managed to close despite pricing uncertainty and hesitation among LPs to sell at discounts.
Multi-asset deals gain traction as investors seek diversification
Single-asset continuation funds comprised around 40% of GP-led secondaries volume in 2022, down from 52% the prior year, according to Lazard's Secondary Market Report 2022.
Hamilton Lane saw record dealflow for secondaries last year
The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.
Alpine runs $2bn GP-led on Apex Service Partners
Inventory flowing into the market is expected to drive volume beyond the estimated $103bn total for 2022.
Stafford leads consortium on multi-asset infrastructure continuation fund
A Stafford Capital Partners-led consortium allowed the manager to do a ‘super-efficient’ exit for its greenfield fund.
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.