News and Analysis

More LPs are considering secondary sales as pricing has strengthened since last year, with high-quality buyout funds capturing pricing at the 90% or higher net asset value range.
Stellex Capital Partners III, launched last year, is set to bring in $1.5bn of a $2.5bn target in a first close sometime later this year, sources told Buyouts.
Cove Hill earlier this year invested in Incident IQ, a workflow management platform for K-12 school districts.
The manager specializes in lower mid-market media and communication companies.
Recently rolled out by the New York manager, Kinderhook Capital Fund 8 is expected to wrap up by the end of this year, sources said.
As secondaries activity accelerates, more traditional buyout shops are exploring adding these capabilities.
PE stands to benefit as the system may do away with emerging markets equities.
Why doesn’t anyone want to buy private companies even though they’re doing so well?
Clearlake reports recently seeing a major uptick in exits: over 2021-23, gross realizations totaled $17bn, almost triple the volume over 2018-20.
The strategy is not new to Brookfield, which has invested at least $5bn in financial infrastructure companies.
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