Deals

New status is expected to widen the range of US and foreign owners of Blackstone’s stock.

On the heels of ILPA’s recent best practices on GP-led secondaries, BRG’s Finbarr O’Connor and Gavin Farrell take a practical look at issues important to LPs, and how GPs can address the guidance as they formulate transactions.

The investment firm has offloaded a portfolio of stakes from its 2010-vintage secondaries fund, having sold at least $1.5bn to the Blackstone unit since 2017.

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.

Single-asset deals, preferred equity and asset-class diversity were among the themes to emerge in Secondaries Investor's annual advisory survey.

The Swedish life insurer sold stakes in funds managed by Bridgepoint, EQT and IK, among others.

The pension system will continue to evaluate funds in which to opportunistically sell and buy interests.

The assets are part of a US-focused subscription-led information and events portfolio PEI has purchased from Simplify Compliance Holdings.

The buyout firm is exploring options for its 2008-vintage Fund V, which holds the world's third-largest ice cream producer Froneri, in a deal that could be worth close to €2bn.

The secondaries firm, along with investment manager Wafra, has acquired a stake in Siris Capital Capital Group and will fund the repurchase of another minority stake sold at the firm's inception.