Insurance Companies

Ham Lane and StepStone pick up BNP insurance arm’s PE and infra sale

The €255bn insurance arm of French financial giant BNP Paribas Group had brought a portfolio to market earlier this year.

Blackstone emerges as buyer on Fubon Life’s $1bn-plus infra stake sale

The Taiwanese life insurer is selling a portfolio of five stakes in USD- and euro-denominated funds, including an EQT vehicle.

What do LPs really think of continuation funds?

Investors including Alaska Permanent, Caisse des Dépôts, Skandia, New York City Retirement Systems and TRS Texas share their views on how this market can be improved and how they are positioning themselves to take advantage of CVs.

LPs’ views will shape the future of the continuation fund market

The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritised over those of incoming ones.

Inside AXA IM’s acquisition of W Capital Partners

‘Valuations have returned to a steady state, but GPs are facing more significant DPI challenges than ever,’ W Capital Partners’ David Wachter tells Secondaries Investor.

Manulife’s GP-led secondaries programme surpasses $600m

Manulife Investment Management has held the final close for its debut vehicle, private equity-focused Manulife Strategic Secondaries Fund.

AXA IM and W Capital Partners tie up in latest secondaries consolidation play

AXA Investment Managers joins a growing list of players buying up secondaries shops as it plans to tap GP-led and direct secondaries opportunities in North America.

Montana, Committed Advisors among buyers of latest Taiwanese portfolio sale

Shin Kong Life’s portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.

HarbourVest acquires $1.2bn Cathay Life portfolio

Cathay Life and some of its fellow Taiwanese insurers have been pulling back from private markets due to current and impending regulatory capital requirements.

AXA private markets unit head: Our secondaries deployment will be big

AXA Investment Managers Prime has already built a nine-person infrastructure secondaries team and is building out its PE secondaries capabilities, according to global head Pascal Christory.