Advising Investec Alternative Investment Management, a subsidiary of long-standing client, Investec Bank plc on an innovative secondary transaction transferring high-performing senior loans to seed a new fund, Investec Senior Debt Fund, backed by Carlyle Alpinvest. GP-led solutions are a well-trodden path for private equity, but are still relatively nascent in the credit space, so this was a cutting-edge GP-led transaction with approx. €400m of investable capital.
Advising on secondary sales in the emerging market in respect of portfolios that will anchor a new secondaries platform.
Advising on a complex tripartite arrangement involving the sale of secondary fund interests by a large institutional secondaries buyer.
Advising long standing fund of funds client on a single asset GP-led transaction in its capacity as lead buyer.
Advising a large European limited partner on the structured secondary financing of a ~£1.5bn portfolio.
Advising on a portfolio sale to a large institutional investor.
Advising long standing fund of fund client on the acquisition of secondary fund interest from a large institutional secondaries player.
Advising Hermes GPE on the GP-led liquidity solution offered to BT Pension Scheme for ~ 55% of an SMA consisting of 90 lower/mid-market private equity funds and co-investments with a reference date net asset value of ~ USD 1.2bn. The transaction, which was underwritten by CPP Investments and included a significant syndication element, was structured as a strip sale into a continuation fund and is a complex hybrid between a GP-led secondary continuation fund structure and a LP-led secondary sale.
Advising Hermes GPE on £bns worth of secondary market transactions, including various continuation funds backed by Ardian, CPPIB and HarbourVest Partners.
Advising Investec Bank plc on subscription, hybrid, NAV, secondaries, GP support and management fee facilities in excess of £10 billion made available to funds and general partners across private equity, credit, private equity real estate, infrastructure and secondaries asset classes.
Advising a mid-market GP on the establishment of a single asset CV.
Advising a mid-market GP on the establishment of a multi-asset CV.
Advising various fund-of-fund buyers, institutional buyers and pension funds on various LP led transactions, acting both buy and sell side.
