Details that emerged this week around Montana’s recent secondaries sales make clear why other US public pensions are increasingly following suit.
2 min read · 21 November 2014
The Connecticut-based fund of funds manager has historically invested in secondaries through mixed fund of funds focused on private equity, venture capital and natural resources.
2 min read · 21 November 2014
Charleston-based Bowside Capital Fund III will buy LP interests in private equity funds of $150m or less.
1 min read · 21 November 2014
Median funds generate limited value after year 9, but lower tier funds generate more value during the back-end of their life, according to Pantheon.
2 min read · 20 November 2014
The Andrew Hawkins-led firm now comprises ICG’s secondaries team, whose first deal was for a substantial portfolio of private equity assets from US mid-market fund Diamond Castle IV.
2 min read · 20 November 2014
MLC Australia, the wealth management division of the National Australia Bank, has sold several private equity fund stakes this year.
2 min read · 19 November 2014
HarbourVest Global Private Equity commits about 34% of its capital to the firm’s secondaries funds, including Dover Street VII and VIII.
1 min read · 19 November 2014
Montana Board of Investments has committed to secondaries fund managers including Axiom, Lexington and Tenex.
1 min read · 18 November 2014
The Wellcome Trust recently sold its stake in Amadeus II, which invested in fibre optics maker Southampton Photonics.
2 min read · 18 November 2014
Doughty Hanson III is a 1998-vintage fund that still owns turbine manufacturer LM Wind Power.
2 min read · 18 November 2014
