The vast majority of deals from Israel Secondary Fund III, which is more than triple the size of its predecessor, are expected to be direct secondaries and GP-leds.
Kristof Van Overloop has been promoted to managing director, having joined the firm in 2020 to head up secondaries investments.
A significant number of existing investors in GLP’s first China development fund have rolled into its new income vehicle.
Many public institutions in the US are exploring portfolio sales thanks to a confluence of factors that has left them at, or above, their private equity allocations.
The process on electrical components supplier Sicame comes after Equistone made the first investments from its reinvestment fund, raised to maintain minority exposure to good assets.
Europe-focused Springwater will invest the funds in opportunities brought about by market dislocation.
Of the sellers, 12% said they had tapped the secondaries market to offload private credit fund interests more than once.
A GP-led secondaries deal by Energy Capital Partners hints at future opportunities.
Secondaries-focused PA Capital joined forces with New York Life’s private equity affiliate GoldPoint Partners and lender Madison Capital Funding, rebranding as Apogem Capital in April.
Some large processes are hitting delays as pricing is shifting in the changing markets, and building large enough syndicates for mega-deals has become challenging.
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