Morning Hubsters, Craig McGlashan here with the Tuesday Wire. With the exit market still muted, we’re always keen to highlight sales when they happen, and we’ve got a couple to report this morning. Genstar Capital is selling 2-10 Home Buyers Warranty to Frontdoor, while Bain Capital Double Impact has agreed to sell TeachTownto L Squared Capital Partners. While some exits are happening, other GPs are looking for other ways to generate liquidity, such as single-asset continuation funds. We’ve got details of one potential deal in that area, involving Gryphon Investors. Finally, in honor of Pride Month, we’re interviewing members of the LGBTQ+ community who work within the private equity industry. First up is Blackstone’s Alexander Walsh, who talks about what Pride Month means to him as well as his thoughts on the challenges people in the LGBTQ+ community face in the private equity sector. Reaching the exit Private equity firms are still struggling to sell assets, thanks to factors such as valuation mismatches between buyers and sellers. Genstar Capital has managed to buck that trend, however. Frontdoor, a provider of home warranties, has agreed to acquire 2-10 Home Buyers Warranty from Genstar. Read the subscriber version of the Wire for details including the deal size. Meanwhile, Bain Capital Double Impact has agreed to sell TeachTown, a provider of special education for students with moderate to severe learning challenges, to L Squared Capital Partners. Delaying the exit Many GPs are using the single-asset continuation fund process to deliver proceeds to limited partners in older funds while exit activity remains muted. Gryphon Investors is one, as it is running a process to extend its hold over Vessco Water. Subscribe to the premium version of the Wire learn the potential deal size and details on the advisers and potential investors. ‘Amazing ambassadors’ In recognition of Pride Month, PE Hub and PE Hub Europe are running a series of interviews to elevate the voices of members of the LGBTQ+ community who work within the private equity industry. We start with Alexander Walsh, a senior managing director in Blackstone’s private equity group in London, where he focuses on the consumer, media and leisure sectors. He spoke to PE Hub Europe’s Nina Lindholm. Read the full interview to learn how Blackstone supports LGBTQ+ employees, how Walsh believes the industry can better attract and retain LGBTQ+ talent and his advice for younger LGBTQ+ folks in private equity. OK that’s a wrap for me. Chris Witkowsky will be on duty tomorrow. Cheers, Craig Read the full Wire commentary on PE Hub ... | 