Ardian, Neuberger Berman, and Apollo's S3 are reportedly among participants in the deal that allows investors to cash out from Golden Gate's evergreen vehicle.
The firm has reportedly engaged with prospective buyers to facilitate liquidity for investors in a US-based open-ended fund managed by Blackstone Property Partners.
The continuation fund, managed by Victory Hill, will hold two operating liquid storage terminals in the Port of Brownsville.
Neuberger Private Markets Access Fund, a $2.5 billion tender offer fund targeting small- and mid-cap companies, allocated 17% of its capital to GP-led secondaries as of June.
We map the fair value, cost, and acquisition timeline for one of evergreen capital's most invested-in Q1 continuation funds.
We map the fair value, cost, and acquisition timeline for one of evergreen capital's most invested-in Q1 continuation funds.
The vehicle will acquire New Zealand's largest egg supplier from the firm's 2013-vintage LBO fund, Navis Asia Fund VII.
In parallel, the firm's stakes in industrial gas supplier AirFirst will reportedly move into the open-ended fund via a continuation fund structure.
The deal is part of a broader $2 billion recap that also attracted fresh capital from Bain Capital.
The deal will expand Bow River's evergreen fund offerings with the establishment of a venture capital strategy.
