Secondaries

Traditional buyout firms are taking advantage of what is widely considered a deficit of capital available for the growing number of opportunities in the secondary market, as GPs and LPs seek ways to monetize assets in older funds.

Nearly one-quarter of LPs have seen evidence of CV-on-CVs, according to Coller Capital’s latest investor survey.

EQT's acquisition of secondaries pioneer Coller Capital comes as the market for LP stake sales and continuation funds hits new heights.

The transaction marks EQT's entrance into the secondaries market and expansion into insurance offerings, with secondaries doyen Jeremy Coller reporting to chief executive Per Franzén.

Auldbrass acquires secondary interests through LP-led and GP-led opportunities (such as continuation vehicles) in mid-market buyout, global buyout and growth equity.

In today's edition, Two more LPs are urging caution amid rising geopolitical instability; A growth fund hits final close in '12 days'; Ardian rejigs its leadership bench.

In today's edition, Goldman Sachs Alternatives is increasing its focus on regional location when it comes to portcos and tariff escalation; AIG is using secondaries processes to seed CVC's $1.5 billion evergreen portfolio; The potential boon for GP stakes investors.

The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.

Kip Kirkpatrick, senior partner, co-chairman and co-CEO at Vistria, told Buyouts the CV deal was a win-win for all the parties involved, including LPs.