Deals

The sale is expected to be the first in what could be a series of fund stakes offerings by the sovereign fund as it works to manage its portfolio.

The continuation vehicle is the latest to receive a commitment from the sovereign wealth fund that continues to establish itself in the secondaries buyside.

This year’s top deals include two sales from LPs without programmatic selling backgrounds, two CV-on-CV deals and a sizeable credit CV, as well as some honourable mentions on smaller, yet innovative processes seen this year.

The growth-stage secondaries specialist, which is premarketing a $300m Fund III, draws on its founder's 20 years of experience to provide liquidity to GPs thirsty for DPI.

Two buyers have lined up on the deal run by HarbourVest’s publicly listed investment trust, which is generating net proceeds of $300m from the sale, Secondaries Investor has learned.

Former Blackstone dealmaker Mustafa Siddiqui’s firm, which launched in January, completed its first CV with K1 Investment Management and has since made three further investments, Secondaries Investor understands.

The deal gives NORD Holding's All Inclusive Fitness an enterprise value of over €500m, according to a statement seen by Secondaries Investor.

The GP-led market is predicted to reach about $93bn in total volume this year, according to a report.

CVs continue private equity's history of innovation and evolution and will likely become part of the asset class's long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.