Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
There’s an increasing appetite for GP stakes as the strategy continues to prove its resiliency through macroeconomic cycles. This morning, we delve into the topic with comments from law firm Goodwin and private markets platform AXA IM Prime.
Next, we take a look at Tikehau Capital’s first continuation vehicle for Egis, raised with co-lead investors Apollo S3, Abu Dhabi Investment Authority and Neuberger Berman.
To finish, we have Verdane agreeing to snap up a Swedish software developer for the hunting and outdoor community.
Almost unbeatable
The European GP stakes market is experiencing “substantial growth” as investors have grown more familiar with the asset class and the strategy has proven its resilience through economic cycles, according to Ravi Chopra and Jacqueline Eaves, partners in Goodwin’s private investment funds team.
To learn more about the GP stakes market and how AXA IM Prime's Gilles Dusaintpère approaches it, take a look at the premium Wire coverage.
For more, check out MK Flynn’s interview with Hunter Point Capital’s Conway Bate.
PE Hub also caught up with Armen deputy CEO and COO Renaud Tourmente about the European GP stakes market, off the back of a white paper the firm launched on the topic.
Continued support
From GP stakes to secondaries: Tikehau Capital has announced a capital raise for its portfolio company Egis, an architecture, consulting, engineering, construction and mobility services business.
For the CV size, Egis' EBITDA details and more, take a look at the full Wire coverage.
Outdoor deal
Let’s finish with a breath of fresh air. Verdane has entered into an agreement to make a significant majority investment in Natlink.
Check out the premium Wire to learn more about Natlink.
That’s all from me. MK Flynn will write to you with the US edition later today, while Craig McGlashan is on Europe duty tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
