Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.
5 min read · 31 May 2015
Phoenix Life Assurance, which sold the stake to Landmark, ceases to be an LP in the fund.
2 min read · 29 May 2015
Earlier this month an SEC official speaking at an industry conference signaled the US regulator’s interest in stapled secondary deals. Do they create situations where fiduciary duty may be skirted?
3 min read · 29 May 2015
Investors in the $265m Indochina Land Holdings II fund have opted to sell their positions at a significant discount to a Gaw Capital-sponsored special purpose vehicle after the fund was timed out.
2 min read · 29 May 2015
Consumer groups’ concerns regarding the fund’s investment in a payday lender prompted the New Jersey State Investment Council to explore various options for dealing with the exposure.
2 min read · 28 May 2015
Lea Lazaric Calvert will start in July in Evercore’s London office and will focus on advising leading financing institutional investors and fund sponsors on secondary transactions.
2 min read · 28 May 2015
Paul Capital has sold several fund stakes in recent months as the firm is in the process of becoming a ‘closed-doors’ firm. This sale was of a stake in Vision Capital IV, which retains Elegant Hotels in Barbados.
1 min read · 27 May 2015
The average size of funds that closed in the first quarter was less than half of the average size of funds that closed in the same period in 2014.
1 min read · 21 May 2015
An extension before the Volcker Rule takes effect gives financial institutions more time to comply.
2 min read · 20 May 2015
The Baltimore Fire and Police Employees’ Retirement System has committed to secondaries funds managed by LGT Crown and Greenspring Associates.
1 min read · 15 May 2015
