Landmark holds first close on latest PE secondaries fund
WEBNov 2, 2021 · Landmark Partners has held a first close on its 17th private equity secondaries fund.. The Ares Management-owned firm has collected $799.35 million for Landmark Equity Partners XVII, according to filings with the US Securities and Exchange Commission.The fund came to market in July 2020, eight months before Ares’s $1.08 billion acquisition of the company.
SI Decade: Zombie funds to continuation vehicles - Secondaries …
WEBApr 22, 2024 · People. SI Decade: Zombie funds to continuation vehicles. In this second episode of the Decade of Secondaries Investing miniseries, Blackstone's Verdun Perry and Evercore's Nigel Dawn look at how the continuation fund market has evolved over the last decade and how it may evolve in the years to come. Adam Le -. 22 April 2024.
SI 50: The world’s top secondaries firms
WEBSep 1, 2024 · Secondaries investors continue to defy fundraising obstacles amid increasing demand for more specialisation within the market. The top 50 secondaries firms raised a total of $473.8 billion between 1 January 2019 and 31 December 2023 – an increase of 9 percent from the previous year’s ranking, when $434.5 billion was recorded in a longer counting period of 5.5 years.
Glendower backs €700m DomusVi process - Secondaries Investor
WEBJul 14, 2021 · A stake in DomusVi Group, one of Europe’s largest care home businesses, was lifted out of 2014-vintage buyout fund ICG Europe Fund VI into a continuation vehicle as part of a process run by Lazard, according to three sources familiar with the matter. The vehicle is around €700 million in size and backed by a group of investors led by ...
Setter: State of the secondaries market in five charts
WEBSep 2, 2019 · Setter Capital has published its half-year report on the state of the secondaries market. Based on a survey of 97 buyers including Coller Capital, Strategic Partners and AlpInvest Partners, the Toronto-based intermediary put first-half total transaction volumes at $46 billion, above Greenhill and Evercore ‘s …
WEBLandmark Partners. Connecticut 10 Mill Pond Lane Simsbury CT 06070 (860) 651-9760. Massachusetts 265 Franklin Street, 18th Floor Boston, MA 02110 (617) 556-3910. New York 681 Fifth Avenue, 14th Floor New York, NY 10022 (212) 858-9760.
Chicago’s Prospect inks first-time continuation fund
WEBJan 31, 2022 · Prospect Partners, a Chicago-headquartered mid-market firm, has completed a GP-led process to lift the remaining assets out of a 2010-vintage fund, Secondaries Investor has learned.. New 2nd Capital lead the creation of PP III Continuation Vehicle in December, according to a statement Secondaries Investor has seen exclusively. Adams Street Partners and Abbott Capital Management also participated.
Ares completes Spring Bridge tie-up amid secondaries push
WEBJan 10, 2022 · Ares Management, the 19th largest private equity firm according to the PEI 300, has completed a tie-up with Spring Bridge Partners amid a wider push into secondaries.. The move will bring more than $150 million in assets under the Ares banner, according to a statement Secondaries Investor has seen exclusively. The duo had been in talks since at least December, Secondaries Investor reported at ...
LGT secures more than $3bn for its latest secondaries flagship
WEBAug 22, 2023 · LGT Capital Partners has raised more than $3 billion for its latest secondaries flagship, which is already well over half the size of its predecessor.. The Switzerland-headquartered manager has so far secured $3.26 billion for Crown Global Secondaries VI, according to a filing with the Securities and Exchange Commission. The firm launched the vehicle a year ago, according to Secondaries ...
CD&R raises the bar with largest single-asset deal on Belron
WEBDec 17, 2021 · CD&R acquired a 40 percent stake in Belron in 2018 through its 10th fund, which valued the company at €3 billion at the time. The deal announced Friday was broken into two parts – a traditional M&A sale, and a continuation fund process. CD&R sold a 39 percent stake in Belron, which operates various glass repair brands globally, to Hellman ...