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Stapled Deals

Carlyle, Sun Capital and Harvest Partners are all out in market running tender offers plus a staple – a tool that’s not available to just any GP.
Other big tender processes in the market are being run by Carlyle Group and Harvest Partners, both of which include the potential for large staples of fresh capital.
As fundraising becomes tougher in the volatile market, with many LPs at or above their allocation caps, more GPs may use tender offers as a way to reach their fundraising targets.
Healthy Fruit and vegetables in Grocery shop cart
The JV with property investor ShopOne, struck on the back of a secondaries recap, provides fresh capital to invest in shopping centres in metropolitan areas.
At a time when concentrated deals are all the rage, small primary fund commitments can offer necessary diversification benefits.
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The investment firm has committed to a double-down fund that Kibo Ventures will use to co-invest in existing portfolio companies as part of the transaction.
Secondaries Investor has collected all of last month's deals in one place in this handy table.
The asset management arm of Abu Dhabi's second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.
Partner Lauren King comes from Goodwin Proctor where she was co-leader of the secondaries practice.
The secondaries giant has replaced Bregal Investments as the sole LP in the European buyout fund, allowing the GP to complete a spin-out.

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