| View this email online The Wire Aug. 20, 2021 How GPs are finding ways to extend holds over treasured assets, Irving Place spinout Radial Equity raising debut fund Happy Friday! A trend we’ve been following in private equity is that of GPs looking for ways to extend their hold periods over certain treasured assets. We’ve seen that accomplished through secondaries continuation fund deals, through some GPs raising funds specifically to reinvest in their own portfolio companies out of older funds, and through traditional M&A processes. One example this week: BC Partners decided to take another bite of the apple with CeramTec, which makes ceramic products for medical implants and industrial uses. The firm initially invested in CeramTec in 2018 through its tenth fund. Read more here on PE Hub. Check out our page exploring the Long Hold trend here, where you can find our huge archive of past coverage. And hit me up with your thoughts on GPs efforts to hold certain assets longer at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. Read the full PE Hub Wire column here on PE Hub... Also of note (may require subscriptions) Tech: Partners Group agreed to sell Straive, which provides tech-driven content and data services, to Baring Private Equity Asia. The firm acquired a majority stake in Straive, then known as SPi Global, in 2017. Read it here on PE Hub. Rising up: Radial Equity Partners, a spinout of Irving Place Capital, collected more than $368 million for its debut mid-market consumer and industrial fund. Phil Carpenter, co-managing partner of Irving Place, formed Radial two years ago. Check it out here on Buyouts. Smooth: Novalpina LPs are working with the existing GP to turn over control of the portfolio to preferred replacement manager Berkeley Research Group. Outstanding issues including management of the underlying portfolio, as well as valuing assets and establishing distributions from existing investments. Read more here on Buyouts. PE Deals They said it “The intensity of the effort required to find attractive deals at prices that reflect intrinsic value has become an increasingly difficult enterprise, requiring much more expertise, much more domain-specific experience and a lot more scale.” Scott Sperling, co-CEO of Thomas H. Lee Partners, talks to Buyouts about PE’s evolution. 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. FIND OUT MORE 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. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 