Madeleine Farman

Pennsylvania Public School Employees' Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.

Some investors are scrutinising LP bases to ascertain whether managers will face increased pressure to deploy an excessive amount of capital beyond their original fund size.

Milan-based Ambienta is seeking a single-asset continuation fund, which will be classified as an Article 9 vehicle under the EU’s SFDR, Secondaries Investor has learned.

Milan-based Ambienta is seeking a single-asset continuation fund, which will be classified as an Article 9 vehicle under the EU's SFDR, affiliate Secondaries Investor has learned.

Advent is seeking to move business management software, payments and commerce-related technologies provider Xplor into a separate vehicle.

As private markets AUM continues to grow at a clip, so too does the number of legacy funds held onto by institutions. Hollyport's John Carter and Elm Capital's Etienne Deshormes join Madeleine Farman in the latest edition of Second Thoughts.

Hollyport's John Carter and Elm Capital's Etienne Deshormes delve into why the opportunity in the tail-end secondaries market has grown, yet the number of buyers remains concentrated.

The process involves moving stakes into a new managed fund, Secondaries Investor has learned.

Private equity deal value was up 36% in the first three quarters, with a further flurry of activity following the US election.