GP-Leds

Secondaries investors bought a portfolio of European tech assets off Eurazeo's balance sheet, the latest in a series of strip sales by the manager.

Simon Bachleda, manging partner of Revelstoke Capital Partners, talks to Secondaries Investor about why the firm has tapped secondaries capital on more than one occasion.

The number of sponsor-led secondaries coming to market this year is expected to be bolstered by fundraising delays, rising demand in China for US dollar commitments and a backlog of transactions.

Several reports have come out giving a comprehensive view of the secondaries market in 2020. Here are some things you may have missed.

Asia's first 'decacorn', Grab, was among assets moved into a continuation vehicle as part of the process run by Vertex Holdings.

The private equity giant joins TPG as the latest high-profile manager to raise a separate fund for GP-led secondaries.

The transaction comes as the bank combines its private fund investment teams under the banner of HSBC Alternatives, which has $26.4bn in private market funds and mandates.

Infra topping the pricing chart and the rise of mosaic sales are two of the trends outlined by Greenhill's 2020 secondaries market review.

The $55.6bn asset manager is investing Pantheon Global Secondary Fund VI and related separate accounts, which raised $2.2bn by final close in June.

A recent GP-led deal involving an evergreen structure represents a novel way for infrastructure investors to hold on to assets. The question is whether such transactions can scale.