The former CIO of Morgan Stanley AIP’s real estate fund of funds business has formed Candlewood Investments to specialise in secondaries and co-investments.
2 min read · 30 November 2012
HarbourVest Partners’ latest secondaries vehicle is offering an average annual management fee of 0.81%, according to University of Houston documents.
2 min read · 27 November 2012
James McConnell is relocating to London to lead the firm’s European private equity secondaries activity, which has been increasing as banks and other financial institutions use the secondary market to sell fund interests.
1 min read · 05 November 2012
In recognition of his significant role in some of AXA PE’s biggest transactions, head of the New York office Benoit Verbrugghe has been given a place on the firm’s executive board.
2 min read · 12 October 2012
Cuyahoga Capital Partners has been acquired by Private Advisors. Cuyahoga founders Bart Shirley and Chris Hanrahan will join the firm.
2 min read · 10 October 2012
It’s not surprising LPs get irate about the terms of fund restructurings. But ultimately, they need to be grateful that the market is offering them some kind of way out.
3 min read · 05 October 2012
The bank’s alternative investments group is set to beat its $600m target for its second investment vehicle to buy fund interests, and will likely wrap-up fundraising around the end of the year.
2 min read · 05 October 2012
The appointment of Daniel Green as chief investment officer allows chief executive Marleen Groen to focus purely on her role as head of the business as it continues to expand.
2 min read · 01 October 2012
The Nebraska Investment Council made a total of $50m in commitments to HarbourVest’s latest ‘Dover Street’ fund – targeting $3bn – and RCP’s eighth fund of funds vehicle.
2 min read · 28 September 2012
CPPIB has anchored a vehicle managed by the Grant Behrman-led firm to house five portfolio companies. The companies will pay an exit fee used mostly to cash out existing LPs.
3 min read · 11 September 2012
