Sterling Investment Partners eyes single-asset process for Xylem Kendall
The firm is understood to be running a process to move the vegetation management services company out of its $934m Fund IV and into a new vehicle.
Goldman emerges as lead on Accel-KKR’s CV-on-CV deal
CVs of CVs have become a popular tool to maintain control of trophy assets, with several processes launching this year.
Ares’ secondaries unit backs Apax Global Alpha take-private
The transaction involves a continuation fund-like structure, Secondaries Investor understands, and includes an option for backers of the UK investment trust to roll into a new fund, filings show.
CVC returns to secondaries market with Nordic single-asset process
CVC is the latest manager to seek out a large continuation fund for a Europe-headquartered asset, Secondaries Investor has learned.
Onex eyes $2bn multi-asset CV in firm’s latest use of GP-leds
One of the assets involved was being mulled for a separate CV managed Carlyle in a process that has since been dropped, Secondaries Investor understands.
ADIA, Apollo, Neuberger Berman co-lead Tikehau continuation fund
Tikehau has raised more than €1bn for smart infrastructure company Egis.
Hong Kong Jockey Club seeks to offload $500m portfolio
Sports-focused foundation joins a number of APAC institutions seeking liquidity via the secondaries market this year.
ICG leads General Atlantic’s $1bn-plus CV for wealth management asset
The deal highlights GA’s ongoing use of CVs and ICG’s focus on single-asset transactions.
AlpInvest, Ardian emerge as lead buyers on Stone Point multi-asset CV
The firm wants to move around eight assets into a separate vehicle to extend their hold periods.
Novacap runs CV process on Revau as part of ‘transformative’ strategic acquisition
Novacap acquired Revau in 2020 through its first financial services fund, which it closed in 2021 on C$417m.