This "first-ever" evergreen vehicle of the like, designed to target secondary investments in US-focused buyout funds, was eyeing a $100 million debut on the NYSE.
We dive into FLEX, outlining the performance, portfolio composition, and other details of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
We highlight key aspects of the newly registered tender-offer fund, which will target both LP-led and GP-led secondaries.
As of March, secondaries accounted for 48.2% of the tender offer fund's portfolio, according to EvergreenLink Data.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
Neuberger Private Markets Access Fund, a $2.5 billion tender offer fund targeting small- and mid-cap companies, allocated 17% of its capital to GP-led secondaries as of June.
Partners Group Private Equity Fund capped the requests at 5% of NAV, repurchasing ~$760 million of the shares through promissory notes.
We examine the capital flows, investment activity, and performance of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
We examine the capital flows, investment activity, and performance of the tender offer fund, leveraging EvergreenLink Data.
