Our head of secondaries, Nick Lawler, relates the following story:

“In April 2019, I was in the middle of a road-trip from Chicago to Louisville, when I got a call from one of our relationships at a major investment bank to discuss a new deal. The sponsor, one of the nation’s largest and most respected, was considering a continuation vehicle for what was one of their most sizable, best performing investments. This US-based security guard services business was owned by the sponsor’s seven-year old vintage fund…

▶︎ Read September 11 2023 newsletter: here

▶︎ Chart of the Week: here (by Evercore)

(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)