Professionals from Reach Capital, Tail End Capital Partners, Tioopo Capital, Ely Place Partners, Jera Capital, Multiplicity Partners, and Rainmaker weigh in.
The sale comes almost four years after Ufenau transferred the equine veterinary group into a €563 million multi-asset CV.
The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
We map the fair value, cost, and acquisition timeline for one of evergreen capital's most invested-in Q2 continuation funds.
The vehicle is targeting a first close before year-end and will focus on hard-to-access sponsor-led opportunities in small- and mid-market buyouts.
The manager is also reportedly in advanced talks to acquire GIC and Silver Lake Partners' stakes in the breakdown recovery service provider, alongside other investors.
The deal, advised by Piper Sandler, would add to Revelar's lineup of CVs involving assets from the same 2017-vintage LBO fund.
The transaction extends the firm's ownership of Guardian Alarm, a Michigan-based provider of alarm monitoring services it initially backed in 2017.
The oversubscribed vehicle for the mass transit operator was backed by Australian superannuation funds and international institutional investors.
The pension's PE team has seen increasing GP adherence to ILPA guidance on continuation fund transactions.
