| Clearlake eyes DigiCert for single-asset process, Indian-American dealmakers spring to action as health crisis ravages India Happy Thursday!
Big news today includes Apollo co-founder Josh Harris deciding to step out of daily activities at the firm with a transition out next year.
Also, Clearlake Capital is running a single-asset process on DigiCert, which it wants to move out of two older funds and into a continuation pool. ICG is lead investor on the deal, which also includes Goldman Sachs Asset Management secondary business and other investors. The process could end up being among the largest-ever such deals, as more GPs than ever explore using secondary structures to hang on to their best investments, rather than sell them “too early” to other sponsors.
And, Indian-American dealmakers are doing what they can to help their friends and family in India, where a new wave of coronavirus is ravaging rural communities with little to no medical infrastructure.
That’s it! Hit me up with thoughts, feedback, tips n’ gossip or whatever at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.
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Also of note (may require subscriptions) Secondaries discretion: Los Angeles Fire & Police Pension System board of commissioners declined to give investment staff more discretion to approve GP-led secondaries deals. Staff had requested the ability to approve rolling over its interests in prior funds and commit up to $7.5 million into a continuation pool, in consultation with the system’s PE consultant. Read it here on Buyouts.
Back in market: Insignia Capital Group, headed by David Lowe, a founder and ex-vice chairman of Friedman Fleischer & Lowe, is back in market targeting $400 million for its second fund. Insignia makes mostly control investments in North American lower mid-market companies with low capital intensity, defensible market positions and solid growth products. Read it here.
Select assets: Spring Bridge Partners, formed by two ex-Coller Capital executives, led a process to move select assets out of two older Brentwood Associates funds and into a continuation pool. Spring Bridge was joined by Hollyport Capital and other investors in the $190 million Brentwood Associates Opportunity Fund. Read it on Secondaries Investor.
PE Deals 
They said it
“We all need to feel useful in some way. If we are not doing something it eats at us.”
Hans Taparia, co-founder of Desert Bloom, who has family ties in India.
Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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