GP-Leds

Investors in a 2006-vintage, $715m US mid-market buyout fund were given the option to sell or roll over into a five-year continuation vehicle.

The firm has confirmed it will move Swedish chemical manufacturer Perstorp into a vehicle backed by Landmark Partners, two months after Secondaries Investor first reported on the deal.

Secondaries Investor reported in July the deal to restructure the €523m New Europe Partners II fund had closed.

The pioneers of the sub-asset class wouldn’t recognise some of today’s transactions as belonging to the same market.

The process on PAI's 2005-vintage fund is the second single-asset deal that Landmark has been linked to in recent months.

Pablo de la Infiesta, head of the private funds advisory group for EMEA at Moelis, says secondaries firms have the sophistication and the firepower to invest in such deals.

From Frankfurt to Providence to Lima – 2018 is the year GP-led processes went global.

The investment firm has moved assets including a dental firm into a new vehicle in the second deal from its latest HIP IV fund.

The region looks like it is fulfilling its long-held promise; the question is whether the breakthrough will last.

The deal pushes Loyal Valley Capital, which owns stakes in large Chinese tech companies, one step closer to raising its own dollar-denominated fund.