The average high bid price for LP fund stakes was 98 percent of NAV during the first half of the year, according to NYPPEX data.
1 min read · 07 August 2014
London-based Graphite Capital has sold its stake in Vision VI, which has 10 remaining portfolio companies including savoury pastry company Pork Farms.
2 min read · 06 August 2014
Private equity secondaries volume during the period was $16bn and real estate transactions accounted for $3bn, according to Setter Capital.
1 min read · 05 August 2014
Unrealised value in tail-end funds totals $345bn, which means there’s room for further growth in the expanding direct secondaries market, according to NYPPEX.
2 min read · 04 August 2014
Buyers need to understand how to mitigate risks such as alignment and asset allocation when acquiring LP fund interests.
2 min read · 03 August 2014
It could take between five to seven years for Asia’s direct secondaries market to mature, according to Amit Gupta, partner and chief operating officer at NewQuest Capital Partners.
3 min read · 03 August 2014
Vienna-based Österreichische Volksbanken-AG has sold a stake in Polish private equity fund Nova Polonia Natexis II.
2 min read · 03 August 2014
Lexington plans to buy 80% of Citi’s stake in Metalmark’s Capital Partners II, which recently invested in Canadian electrical energy company PTW Energy Services.
2 min read · 01 August 2014
The London-based firm paid £27m to purchase an LP’s interest in its €5bn Eurofund V, which agreed to exit designer jewelry company John Hardy this week.
3 min read · 31 July 2014
The price of an LP fund interest can end up being the same as the interest’s NAV because secondaries sellers and buyers have difficulty understanding accounting nuances when negotiating terms, according to Duff & Phelps’ David Larsen.
2 min read · 30 July 2014
