Madeleine Farman
In this Second Thoughts podcast, Peter Wright, founder of the Diversity in Secondaries Initiative, discusses why he set up the non-profit and notes its key achievements.
Nearly 45% of companies within single-asset CVs had an implied TEV greater than $2bn last year reflecting minority interest or strip sales for larger companies being used in these deals.
The transaction, which could total as much as $1bn in size, is understood to comprise a concentrated list of funds and managers.
HarbourVest and Goldman Sachs are understood to be the lead buyers on the multi-asset continuation fund and a single-asset continuation fund respectively.
The pension giant has come up with a pricing strategy that could make it benefit more from this portfolio sale.
SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.
The secondaries market anticipates 2024 will be a record year for volume, with first-half figures coming in at between $68bn and $72bn.
The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.
Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries deals.