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stapled deals

spin
The secondaries giant has replaced Bregal Investments as the sole LP in the European buyout fund, allowing the GP to complete a spin-out.
lawsuit
The pandemic has thrown up some unexpected issues for secondaries market participants, including a sponsor who threatened litigation over a stapled deal.
LGT Capital Partners
The asset manager raised $2.8bn for its previous fund, which was 93% committed as of the end of June 2019.
Denmark
Two Danish pension funds sold their stakes in the 2010- and 2016-vintage vehicles.
The Malaysian private equity firm is giving LPs in its 2013-vintage, $1.3bn Fund VII an exit option, Secondaries Investor has learned.
new york
The transaction involves the US mid-market firm's $3.2bn Court Square Capital Partners III fund.
We weigh up the pros and cons of the most common types of GP-led secondaries.
White Plains, New York state
The firm, founded by two former senior Goldman Sachs executives, is running a tender offer involving around $4.6bn of net asset value.
The process comes as the Carlyle Group also explores using secondaries on its 2013-vintage Sub-Saharan Africa fund.
Africa
Emerging market GP-led deals are rife with difficulties but Carlyle’s name and the dynamics of the secondaries market suggest a deal can be done on its Africa fund.
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