Toby Mitchenall
Toby Mitchenall is the Senior Editor, ESG and Sustainability, at PEI Media. He is responsible for New Private Markets, a dedicated intelligence source on impact investing, sustainability and ESG in private markets, and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
Uncompeted deal processes, which LPs ‘love to focus on’, do not lead to better returns, Carlyle Group and Pantheon dealmakers say.
The Swiss private equity firm will be renamed Schroder Adveq.
Larry Thuet, managing director and co-founder of secondaries advisor Park Hill, tells us whether the market is changing and whether securitisations will increase.
The European secondaries investor picked up stakes in two European Capital debt funds from the firm’s previous owner, American Capital, as part of the acquisition announced last week.
The firm has sold its remaining stake in the niche Swedish lender it acquired from Palamon Capital Partners in 2010.
The US public pension plan is considering a $10m secondaries purchase in Fund VII and is in discussions about an account to invest ‘across the Kayne Anderson platform’.
SL Capital’s listed private equity trust can now take a more flexible approach to secondaries transactions, among other changes.
The capital will be invested in a portfolio of eight companies already owned by the listed firm, as it plans to ramp up its external fundraising activity.
Almost a fifth of family offices surveyed acquire fund stakes on the secondaries market, according to research by PEI and Montana Capital Partners.
The firm now has $547m to deploy for its strategic secondaries fund, which targets GP-led transactions.