Project Ember: Ardian and Blackstone buy in on CPPIB’s large portfolio sale
The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.
CPP Investments unloads European non-performing loan portfolio
The portfolio is being sold to a newly formed joint venture established between funds managed by Arrow Global Group and Fortress Investment Group.
HarbourVest: Software secondaries getting harder to close
While some software businesses are poised to become stronger on the back of a wave of AI innovation, there will be others that suffer or become obsolete, says managing director Jeff Keay.
Coller emerges as sole lead on Verdane’s €600m-plus multi-asset CV
StepStone co-underwrote the transaction, which includes Arrive Group, marking the second time a PE firm has moved its exposure to this asset into a CV.
CV performance to diverge as asset quality widens – StepStone
The GP-led market is expected to see a more 'mixed-quality' set of assets come through, according to StepStone’s Philippe Ferneini.
LPs look to blindpool fund side letters for more visibility on CVs: Morgan Lewis...
Some LPs are finding themselves as forced sellers in CVs because of the length of time given in election periods.
Lexington leads MetLife’s $1bn managed fund deal
The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.
Nordic Capital mulls another multi-asset CV
If the deal goes ahead, the CV is anticipated to be in the region of €2bn to €2.5bn, Secondaries Investor understands.
Pantheon leads on sustainability-focused Alder’s €250m CV
Tech-focused Nordics investor Alder has moved two assets into an Article 9 continuation vehicle.
Arcmont’s Ares-led $2.5bn CV in ‘absolute sweet spot’
Arcmont sees ‘an enormous benefit’ to the burgeoning credit secondaries market and is open to dealing with its traditional private debt competitors in the future, CEO Anthony Fobel tells Secondaries Investor.