Private Equity

Secondaries

TH Lee seeks more time to manage HighTower Advisors through single-asset secondary

GP-led deals like single-asset processes are beginning to flood the market as secondaries activity picks up after a sustained pause in the pandemic downturn.

3 min read · 14 August 2020

LPs in older Kinderhook fund decide to sell or stick in GP-led secondary

Secondaries activity has been picking up over the summer, with an expectation that volume will pick up in force after Labor Day.

2 min read · 13 August 2020

Kline Hill finds ample small secondaries opportunities for new fund in downturn

The firm closed Fund III in April on $450m as well as an overage fund on $150m to take advantage of excess opportunities beyond the main fund's pacing.

2 min read · 10 August 2020

A need to grow AUM makes secondaries an attractive bet

TPG's entry as the latest multi-asset manager to the secondaries market is likely to not be the last this year.

2 min read · 06 August 2020

As secondaries activity comes back, CPPIB shops $1bn-plus portfolio

While most traditional LP portfolio sales activity is not expected to make a significant comeback until later this year, certain portfolios containing high-quality funds are trading at reasonable prices.

2 min read · 05 August 2020

Hamilton Lane revenues boosted by secondaries, SMAs

The firm is nearing a final close on its largest secondaries programme, which has thus far raised $2.2bn out of a $3bn target.

2 min read · 05 August 2020

Secondaries poised for busy season as managers push off exits

The downturn could prove to be a boon for GP-led secondaries deals as managers look for ways to deliver distributions to LPs in older funds even as they push off exits.

3 min read · 03 August 2020

CPPIB’s Woolhouse to lead TPG secondaries push

The CPPIB secondaries head will lead TPG's secondaries investment strategy in Europe and the US.

2 min read · 27 July 2020

Betting on unicorns just became less hazardous for HNWIs

Although HNWIs have not been precluded from acquiring positions in pre-IPO businesses via the secondaries market, the process can be complex and fraught with risk.

5 min read · 27 July 2020

Can private equity firms become the new conglomerates?

Single-asset secondaries deals can allow managers to realise the dream of holding prized assets for longer, but present novel challenges for LPs to evaluate, writes capital raiser Ed Stubbings.

3 min read · 24 July 2020

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