Madeleine Farman
Goldman Sachs Asset Management is taking the lead on a CV to move the ice-cream maker out of an existing CV, sources say.
The transaction involves a continuation fund-like structure, Secondaries Investor understands, and includes an option for backers of the UK investment trust to roll into a new fund, filings show.
CVC is the latest manager to seek out a large continuation fund for a Europe-headquartered asset, Secondaries Investor has learned.
The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.
HarbourVest and Goldman Sachs are understood to be the lead buyers on the multi-asset continuation fund and a single-asset continuation fund, respectively.
Donohoe is a featured speaker at PEI Group's NEXUS 2025 in Orlando, March 10-12.
Liquidity management is 'more complex than it seems' for products targeting the wealth channel, according to the firm's global head of private wealth solutions.
MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.
LP-led sales made up 52% of the record $152bn of secondaries volume seen last year, according to Lazard's latest market report.
The London-headquartered firm had been mulling a CV for three assets, including AssuredPartners and Safetykleen.