GP-Leds

The firm is in market targeting $1.25bn for its fourth secondaries fund and is set to launch a vehicle targeting GP-led deals.

Single-asset deals accounted for 30% of GP-led transactions in the first half, up from 20% in 2019, according to Evercore.

Alpine Investors lifted employment services provider TEAM Services Group out of its 2013-vintage fund in a $362m deal.

Recycling business Ecore International is the focus of what has been described as 'a hybrid of a single-asset recap and an independent sponsor transaction'.

Two London-based executives will join in the second quarter of this year to lead a practice focused on GP-led transactions.

Debevoise & Plimpton worked on $9.7bn of secondaries transactions in 2019, all in private equity, according to Secondaries Investor's latest legal survey.

Presenting the biggest and most eye-catching transactions in a year plagued by uncertainty and volatility amid the covid-19 pandemic.

The deal comes on the back of a single-asset process last year the firm carried out on Upstream Rehabilitation, which Coller Capital invested in.

The consumer-focused buyout shop received a direct bid for frozen food business Picard, which some LPs viewed as a better option.

This so-called 'status quo' option has gone a long way in helping get LPs comfortable with GP-led liquidity processes.