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.

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After offloading PE portfolio, NY State Teachers’ considers real estate secondaries sale

The $138.5bn system recently sold huge stakes of its private equity portfolio.
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Ares leads on latest insurance-focused continuation fund

UK-headquartered buyout firm Preservation Capital Partners has moved its stake in specialty insurance and reinsurance broker BMS Group into a continuation fund.
Andy Lund and Matt Swain

Inside Houlihan Lokey’s acquisition of Triago

The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.
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Top five secondaries deals of 2023

Both LP-led and GP-led deals made it to the list this year as market participants seek innovative ways to access liquidity.
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CPP and Lexington take lead on Hayfin’s sizeable strip sale

Hayfin is running a secondaries transaction on an account managed on behalf of BCI, Secondaries Investor has learned.

Palladium Equity runs continuation fund deal on three assets

The firm has been in conversations with certain LPs about bringing Fund VI to market, likely next year, it is understood.

BP pension nears deal to sell portfolio worth as much as $800m

Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.

Summa breaks new ground with €550m secondaries deal

Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.

NEA runs large strip sale on numerous assets as GPs hunt for liquidity

Strip sales, along with tender offers, structured/preferred equity and secondary directs, represented around 20% of the about $18bn in GP-led volume in the first half.

HarbourVest emerges as lead on JMI’s multi-asset continuation fund deal

The market for GP-led deals has been overshadowed by large LP portfolio sales, but certain deals, especially those with what buyers consider high-quality assets, are finding their way to final close.
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