Secondaries

Moody’s flags lack of standards in loan covenants

Ratings agency raises concerns about inconsistencies over leverage and portability rights.

Manulife secondaries co-heads to depart the firm

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

TPG Angelo Gordon runs $1.5bn-plus GP-led credit secondaries process

The process comes at a time of increased momentum for GP-led credit deals with a number $1bn-plus transactions closing last year.

LP-led pricing for credit secondaries reaches all-time high – Jefferies

LP-led deals made up 54% of the record $162bn of volume seen in 2024, with pricing improving across all asset classes, according to Jefferies’ Global Secondary Market Review.

Tangible completes wealth management credit secondaries deal

The secondaries platform claims the deal will have significant ramifications for wealth managers looking to provide clients with private markets solutions.

Florida SBA’s sale shows credit secondaries are at start of significant ramp-up

The US public pension’s offloading of around $2bn in credit fund stakes marks the latest sizeable deal in the maturing market.

Bonaccord closes its second GP stakes fund at $1.6bn

The fund closed well above its $1.25bn target and is twice as large as its predecessor.

London CIV eyes secondaries for new private debt vehicle 

The UK pension fund is about to close its second private debt fund, which it aims to scale to £500m, and is looking to consolidate GP partnerships.