Secondaries and Liquidity Solutions

• Advised Coller Capital and Apollo S3 on CVC Capital Partners’ landmark transaction involving Ahlsell, a Nordic industrial technical products distributor.
• Advised Apollo S3 as a lead investor in TDR Capital LLP’s continuation vehicle to acquire majority control of David Lloyd Leisure, Europe’s largest operator of premium racquets, health and fitness clubs.
• Advised Apollo S3 as a lead investor in Tikehau Capital’s €1 billion private equity continuation fund for its portfolio company Egis.
• Advised Apollo S3 alongside Blackstone and Ardian, in the acquisition of a portfolio of fund interests from Kaiser Permanente with a transaction value of $5 billion. Recognized by Secondaries Investor as one of the five top deals of 2023.
• Advised BlackRock as a lead investor in a $450 million multi-asset continuation fund sponsored by Palladium Equity Partners LLC.
• Advised BlackRock as a lead investor in a single-asset continuation fund sponsored by Behrman Capital with a value of approximately $500 million.
• Advised BlackRock as a lead investor in Seven2’s €400 million continuation fund to support two strategic assets, Marlink and Crystal, and finance their development plans.
• Advised BlackRock as a purchaser of a portfolio of fund interests with a transaction value of over $450 million.
• Advised Mubadala Capital in a $4 billion stapled secondary transaction involving $2.5 billion in private equity assets and the formation of a new private equity fund with $1.5 billion in commitments from Ardian. Recognized as the largest stapled secondary ever at the time.
• Advised CVC Secondary Partners as a lead investor in Rubicon Technology Partners’ $500 million single-asset continuation fund to extend its partnership with Cin7, a global leader in cloud-based inventory management software.
• Advised Alpine Grove in a GP-led recapitalization of Aurelis Real Estate, a German light industrial real estate operating company with a €1.7 billion portfolio of industrial and land assets.
• Advised GE Capital in its landmark disposition of over 300 fund interests post Volcker Rule.
• Advised Jasper Ridge Partners in numerous secondaries acquisitions and dispositions.

Fund Formation

• Advised BGO, a leading global real estate investment adviser and a globally recognized provider of real estate services, in the formation of BentallGreenOak Asia IV, its flagship Asia-focused value-add real estate strategy, raising over $5.1 billion in total capital commitments for the fund and co-investment sidecars. The fund targets value-add opportunities in office, hospitality and logistics assets across Japan, South Korea, Australia and Singapore, and represents the largest closed-end capital raise in BGO’s history.
• Advised BGO in connection with its inaugural Industrial Strategies Fund I, with total platform commitments of $800 million.
• Advised FoxPath Capital Partners, an independent alternative investment firm focused on credit secondaries, in its long-term partnership with Reinsurance Group of America, a leading global life and health reinsurer. Under the partnership, Reinsurance Group of America will make a strategic investment in, and multi-fund anchor commitments to FoxPath.
• Advised Mubadala Capital in connection with the formation of its fourth private equity fund, MIC Capital Partners IV (Fund IV), with total commitments of $3.1 billion.
• Advised Proterra Investment Partners LP on the formation of its second private credit fund, Proterra Credit Fund 2 LP, with over $500 million in commitments.
• Advised Brightwood Capital in connection with numerous closed-end and evergreen credit funds.