Key details emerge on the $1.9 billion continuation fund (including earnouts), which was co-led by GIC, StepStone, Apollo S3, and Neuberger Berman.
Founded in 1999, the Washington, DC-based firm focuses on lower mid-market businesses through management buyouts, carve-outs, and shareholder succession structures.
The StepStone-backed transaction reportedly extends Blackstone's ownership of a loan portfolio from its Capital Opportunities Fund IV.
The management buyback closes out AMG's investment in the former Comvest business, with total proceeds of about $294 million.
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.
We map the fair value, cost, and acquisition timeline for one of evergreen capital's most invested-in Q1 continuation funds.
The firm's second continuation fund delivers a 9.1x gross MOIC for Equip Capital Fund I's investment.
The Toronto-based manager is reportedly looking to roll over the remaining stake in an insurance and HR solutions advisory firm it initially backed in 2020.
