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
The highest prices for LP interests ranged from 100 percent to 102 percent net asset value during the first quarter, according to NYPPEX.
1 min read · 14 May 2015
The challenge with buying LP interests in funds of funds is the number of potential buyers is limited, said Sunaina Sinha, managing partner of Cebile Capital.
1 min read · 13 May 2015
In 2014 the average price of LP interests traded on the secondaries market was 94 percent of net asset value.
1 min read · 12 May 2015
