SecondaryLink outlines the gross MOIC, IRR, and DPI of four ICG Strategic Equity and LP Secondary funds.
The StepStone-backed transaction reportedly extends Blackstone's ownership of a loan portfolio from its Capital Opportunities Fund IV.
The 15-asset vehicle, among the largest GP-led infrastructure deals to date, drew more than $7 billion of demand and included around $2.5 billion of new capital.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
Founded in 2006, Excellere is a private equity firm focused on growth-oriented investments across healthcare, industrial growth, and business services.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
The firm's second continuation fund delivers a 9.1x gross MOIC for Equip Capital Fund I's investment.
SecondaryLink outlines the MOIC, IRR, and DPI of several ICG-managed secondary funds.
Key details emerge on the $1.9 billion continuation fund (including earnouts), which was co-led by GIC, StepStone, Apollo S3, and Neuberger Berman.
The 2023 predecessor vehicle, LP Secondaries I, raised $1 billion in capital commitments, according to SecLink Data.
