LP Sales

Secondaries funds have been targeting around 15-20% of SaaS exposure in LP-leds when previously it was sometimes as high as 40%, attendees heard at PEI Group’s Women in Private Markets Summit North America.

The fund primarily focuses on LP-led deals in the North American mid-market.

Secondaries are evolving from a problem-solving backstop into a strategic tool for North American LPs navigating liquidity constraints and portfolio complexity.

The pension fund backs single-asset CVs to gain or strengthen relationships with new and existing GPs, investment manager Pravi Prakash tells Secondaries Investor.

Higher interest rates and a better exit environment could both drive activity in the secondaries market, according to a study.

The $219bn system has seen 'underwhelming' performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

Luxembourg-based APS Holding sees opportunity to acquire leftovers of larger portfolios from their original buyers.

GP counsel fees paid by both sides of a deal ranged from zero to around $79,000, according to research by AI workflow automation platform AltConvey.

The firm, which was founded by Mantra Investment Partners' former head of secondaries, Fabrice Moyne, exceeded the vehicle's target by 20%.

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.