In an interview with SecondaryLink, Shamsi discussed his outlook on the GP-led market's growth and shared his firm's focus for 2024.
The UK accountancy group is reportedly valued at more than £1 billion, with Penta retaining management of the asset after abandoning an earlier sale.
The Scooter's Coffee continuation vehicle offered existing investors an exit at a premium to the reference-date valuation.
PKF O'Connor Davies examines the role of secondary transaction prices in fair value assessments, focusing on timing, comparability, and transaction conditions.
The vehicle is set to acquire the firm's 20% stake in the asset, reportedly valued at around €170 million.
The deal would reportedly shift the vehicle's assets into a closed-end structure and trigger a delisting.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
Fajersson joins the firm's Equity Capital Solutions team as Managing Director, supporting the continued expansion of its GP-led secondaries advisory capabilities.
Marone will join as a Managing Director in the Private Capital Advisory team and will focus on GP-led secondaries across North America.
