SecondaryLink dives into PJT's Q3 2024 Secondary Market Insight report, highlighting the advisor's observations across volume, pricing trends, and geographies.
The strategy, anchored by a Korean institutional investor, has adopted an evergreen semi-liquid structure aimed at capturing emerging credit secondary opportunities throughout the cycle.
Drawing on proprietary SecondaryLink and EvergreenLink data, the Institute for Private Capital explores the drivers behind buyout fund discounts and pricing trends over the past decade.
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 vehicle is set to acquire the firm's 20% stake in the asset, reportedly valued at around €170 million.
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.
