Private Equity

News

Lagging valuations, lengthy time frames keep secondaries from becoming routine, say GPs

Until some of the more inefficient aspects of the continuation fund process are smoothed out, these deals are not likely to become routine exit options alongside IPOs and strategic sales.

4 min read · 13 October 2023

PSG raises more than half of Fund VI’s $6.5bn target, expects to close in Q1

For growth equity shops with capital on hand, there are presently value opportunities in a less competitive environment.

2 min read · 12 October 2023

Veteran senior exec David Fox to leave Blackstone’s Strategic Partners

Strategic Partners, formed in 2000, has grown rapidly since its acquisition by Blackstone into one of the largest secondaries buyers in the market.

2 min read · 12 October 2023

Aurora Capital collects ~$1bn as it aims for largest target yet

For many firms, fundraising timelines have extended to 18 months or even two years, reversing the speed of fundraising in 2021 and early 2022.

2 min read · 11 October 2023

Seaside recruits GI Partners’ Keith Collins for second managing director spot

The firm also hired Tom Moore, formerly with Cerberus Capital Management, as a senior associate.

2 min read · 11 October 2023

Warburg Pincus leans on wealth channel for latest mega-fund

Growth investor gathers $17.3bn against a $16bn target for its 14th Global Growth Fund, with more than 15% of capital from high-net-wealth investors.

3 min read · 11 October 2023

Malaysia’s Creador to seek up to $800m for next flagship

The South and Southeast Asia specialist collected $700m for Fund V in December 2022.

2 min read · 10 October 2023

JPMorgan seeks $500m for recharged secondaries strategy

JPM rejoins the secondaries fray as the firm’s last secondaries fun closed in 2016.

2 min read · 06 October 2023

AlpInvest takes lead role in large Leonard Green multi-asset secondary

The rationale for the deal is to provide liquidity to investors in older funds while still holding the assets.

3 min read · 05 October 2023

Hefty CAZ commitment puts Grafine’s debut fund within reach of target

CAZ is expected to soon announce a $200m commitment to Grafine Capital Fund I, sources said. Grafine has also amassed $125m in separately managed accounts.

3 min read · 05 October 2023

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