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Recent events bode well for credit secondaries – a small and rapidly growing part of the overall secondaries asset class.
Price sensitive sellers are unwilling to accept material discounts, even in a volatile market. But there are still pockets of value to be found.
Secondaries continues to attract new investors, particularly as the GP-led trend dominates. Here are six takeaways from our 2022 special report on the market.
Paris ODDO secondaries fund
The move from the Paris-headquartered buyout shop comes as GP-led processes eat more and more into the secondary buyout market.
The Helena-based organization has committed to three private equity vehicles.
FFL Partners has closed its fifth fund at over $900 million, beating its $750 million target.
Fund X will invest in middle-market companies that have enterprise valuations between $100 million and $500 million.
Tyree & D'Angelo Partners has closed its third fund at a hard cap of $350 million.
oversubscribed funds General Atlantic Blackstone
AfricInvest has closed its fourth fund at a $411 million.
Advent International GPE X's limited partners include public and private pensions, sovereign wealth funds, endowments and foundations, institutional fund managers, family offices, and high-net worth individuals.

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