The fast lane that ate the price-check
Carrick's 11x Saviynt rollover is the test of who still challenges a sponsor's mark in a GP-led market losing its independent buyers.
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HarbourVest's negative print arms secondary buyers
Carrick's 11x Saviynt rollover now has to answer to a benchmark showing buyout returns lost value.
A rollover at 11x in a quarter that lost value
Carrick's $255 million reinvestment is the test of whether software marks survive contact with a negative buyout quarter.
Software repricing reaches buyout marks, HarbourVest shows
HarbourVest data shows global buyout returns turned negative in the first quarter, a pricing tell for secondary desks bidding software-heavy funds.
Carrick's 11x Saviynt fund carries $255m rollover
The multiple grabbed the attention; the reinvestment, at roughly 43% of the new vehicle, is the number that will test GP-led pricing.
Netley scales secondaries firepower to $1.2bn
AltAssets reports a fourfold increase in under a year, but its paywalled details do not say whether the number is a target or a close.
CVC's $10bn secondaries fund makes the GP the price-setter
The buyout firm's new flagship, almost four times its 2019 fund, puts a sponsor's own marks at the center of continuation-vehicle pricing.
CVC's secondaries flagship reaches $10bn
AltAssets reports the vehicle stands at almost four times the size of CVC's 2019 fund — a fresh test of how record secondaries capital finds true price discovery.
Goldman's secondaries fundraising crown is a balance-sheet takeover
Record capital is chasing structured liquidity while the specialists that once set prices get absorbed or pivot.
Goldman crowned top secondaries fundraiser
PEI's latest fundraiser ranking puts Goldman ahead of the field, but the harder test is pricing all that record capital.
EQT completes $3.2bn Coller combination
The deal folds a 36-year-old secondaries specialist into EQT just as the market's hardest job moves from sourcing to pricing.
GP-led deals become the fast lane for small LPs
OCIO-run endowments are using GP-led secondaries to deploy capital quickly, turning an exit door into an on-ramp.
OCIOs turn GP-led secondaries into a deployment play
Performance-hungry endowments and foundations are treating continuation vehicles as a fast route into private markets, and the price is increasingly the manager's to set.
StepStone's infrastructure secondaries debut shows LP-led pricing still clears
With half of the $1.7bn already deployed, the first dedicated vehicle suggests traditional LP-led deals remain priced to clear.
No external price check in secondaries this week
PWD's deal log shows zero classic LP-interest sales, leaving every secondaries transaction priced off the manager's own books.
Secondaries lose their last external price check
This week's secondaries deals all move one way: toward liquidity on the manager's terms, priced off the manager's books.
UK tax fix closes secondaries' offshore escape hatch
The proposed stamp-duty legislation closes the offshore execution route and forces buyers to re-underwrite UK-linked LP stakes.
UK tax reform closes the offshore execution route for buyers
Proposed legislation removes the stamp-duty grey area that made secondaries bids harder to price.
Continuation vehicles have become private equity's default exit
Exponent's €1.4bn rollover of H&MV and a new Emerging-Promethean fund show GP-led structures now set the direction of the secondaries market.
Crestline closes $625 million fund as the secondaries market turns to debt
The next wave of sponsor demand is flowing into loans and minority stakes rather than discounted fund purchases.
Crestline closes $625m capital-solutions fund
The fund is 75% larger than the first vehicle, a sign of growing LP appetite for NAV lending and GP-liquidity tools.
Minority stake sales become sponsors' exit workaround
Sponsors are selling minority stakes and raising hybrid capital to get cash back to LPs — the latest workaround in a secondaries boom.
Churchill and Seviora borrow $400 million against secondaries
Structured debt gives a Temasek-backed manager an exit from the exit, leaving discounted bids behind.
Churchill and Seviora put PE secondaries behind a $400M CFO
The financing lets a Temasek-backed manager borrow against secondaries rather than sell them.
AltAssets recounts Apollo S3's Monogram vehicle for Mountaintop
Headline says a GP-led continuation; the pricing terms stay behind the paywall.
Exponent rolls H&MV into €1.4bn continuation vehicle
The single-asset deal extends Exponent's hold on a business AltAssets says has climbed twelvefold.
Emerging and Promethean launch $300M hospitality-tech fund anchored by $185M continuation portfolio
A roughly $185M continuation portfolio anchors an AI-focused vehicle for hospitality and experiential entertainment.
SEC names funds in opening valuation requests
Named-fund exams turn marks into moving targets for secondary buyers.
Continuim's 32-day $548M Fund III close remains a claim
The visible record gives a headline number and a timeframe, but no way to verify the multiple.
Co-investment secondaries become a real market as fundraising splits
Jefferies says co-investment stakes have become marketable, giving LPs a new exit and buyers cheaper access to newer deals.
Infrastructure single-asset secondaries are 'blooming,' Stafford's William Greene writes
A Secondaries Investor piece by William Greene casts single-asset continuation vehicles as an access strategy, with discipline and valuations deciding whether buyers profit.
Private equity fundraising slides again; secondaries hit a record $93B
Total private equity fundraising fell for the second year running, while secondaries posted a record haul. A two-year-old shop in that niche landed a $2 billion mandate.