Private equity

Bridge 7 Bee Secondary will pursue small-cap LP-leds with a particular focus on global buyout and growth assets held by Asia-based sellers, Secondaries Investor understands.

The $3bn University of Nebraska Foundation sees ‘some value’ as a buyer in syndicated portfolio sales comprising 50 fund stakes, according to CIO Brian Neale.

The buyout firm launched Sage Equity Investors last year with a $1.5bn target.

CIO Nils Rode tells Secondaries Investor that CVs could eat into buyout dealflow over the next decade.

The firm’s Keystone strategy provides bespoke offerings to alternatives managers at the management company, fund and asset level.

Distributions as a share of total PE NAV have stayed below average for the past three years and are unlikely to return to normal level this year, according to StepStone research.

Bids on the portfolio were due this week, with the expectation that the process closes by end-September.

Secondaries will be a ‘really important’ part of the $104bn wealth manager and retirement plan provider’s initial build-out.

Venture/growth represented about 8% of GP-led volume in the first half, which matched the full-year volume of last year, according to Jefferies’ recent volume report.

More international investors are looking to India as China becomes more localised, according to research from the Global Private Capital Association.