private equity

Metalmark Capital's single-asset SPV on Innovetive Petcare could be worth $450m, Secondaries Investor understands.

Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.

The Darien, Connecticut-based alternatives manager has raised more than $1 billion over its initial target.

While GP-led deals managed to retain their dominance over LP deals by a thin margin, both halves are poised for continued growth this year.

As Brazilian pensions finish divesting their private assets, buyers hope a primary investing boom will have positive implications for the secondaries market.

The White Plains-based adviser has promoted four as its LP business comes up on a full year of operation.

The CalPERS sale is among a slew of traditional LP portfolio sales to hit the market since the fall, with prices high and buyer interest piqued by more diversified investments.

The secondary advisory promotions include former Harvard Crimson and Dallas Cowboys American football player Collin Zych.

In an extract from a whitepaper aimed at LPs, Tradition's advisory team discusses the dynamic between bids, NAVs and public markets, and what it means for sellers.

The Carlyle Group unit has led a process in the latest example of a sponsor using continuation fund technology for the first time.