The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.
2 min read · 31 March 2009
Credit Suisse has filed a lawsuit against Netherlands-based family office Plaza Group, claiming it illegally transferred hundreds of millions in LP interests ‘in a brazen conspiracy’. Bankrupt Plaza has blamed Credit Suisse for encouraging it to back ‘poorly performing funds’.
2 min read · 26 March 2009
The private equity firm has created a site for potential sellers and buyers of its fund interests to exchange info, a move that puts Sun Capital into one of the IRS’ ‘safe harbours’ from certain US tax regulations.
1 min read · 24 March 2009
The San Francisco-based secondary specialist estimates some $5bn in venture secondary assets are up for grabs.
2 min read · 23 March 2009
The UK private equity firm has made its debut Spanish and solar investments with the acquisition of stakes in three photovoltaic plants in a secondaries transaction.
1 min read · 18 March 2009
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
2 min read · 13 March 2009
The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to ‘share’ capital calls with cash-strapped LPs.
2 min read · 13 March 2009
The London-listed private equity giant is trying to sell some of its European venture capital portfolio in an attempt to reduce its debt load.
2 min read · 11 March 2009
The UK-based secondaries firm has hired Eric Pathé as an investment director just months after it appointed Matthew Arkinstall and Robert Savage.
1 min read · 11 March 2009
Blackstone’s CEO and co-founder Stephen Schwarzman also said in an earnings call earlier last week that ‘to our knowledge’ no Blackstone private equity fund interest has been sold on the secondaries market.
2 min read · 05 March 2009
