SecondaryLink dives into PJT's Q3 2024 Secondary Market Insight report, highlighting the advisor's observations across volume, pricing trends, and geographies.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
The oversubscribed vehicle for Ireland-based H&MV Engineering values the power infrastructure specialist at €1.4 billion, marking a 12x increase since Exponent's initial 2022 investment.
Potential backers reportedly sought a lower valuation for the loans held in the continuation fund.
Jefferies examines the structural drivers behind Europe's growing role in GP-led secondaries and continuation vehicle activity.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
A new A&M survey finds that GPs increasingly view extended ownership as less of an anomaly and more of a way to preserve optionality in a challenging market.
Anchored by a stake in TikTok parent ByteDance, the multi-asset CV reportedly drew backing from Abu Dhabi's Lunate, among others.
Collyer Law examines how CVs are becoming mainstream liquidity and portfolio-management tools across the Asia-Pacific.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
