Lexington plans to buy 80% of Citi’s stake in Metalmark’s Capital Partners II, which recently invested in Canadian electrical energy company PTW Energy Services.
2 min read · 01 August 2014
The price of an LP fund interest can end up being the same as the interest’s NAV because secondaries sellers and buyers have difficulty understanding accounting nuances when negotiating terms, according to Duff & Phelps’ David Larsen.
2 min read · 30 July 2014
Carlyle’s Amsterdam-based fund of funds closed its fifth secondaries fund on roughly $4.2bn last year.
2 min read · 30 July 2014
The direct secondaries firm is trying to sell a group of portfolio companies it acquired in 2007 or earlier, which could include consumer electronics and white goods company BrightHouse.
1 min read · 28 July 2014
The Byron Hamburgers owner is exploring secondary liquidity options for limited partners in its €600m mezzanine Fund III.
2 min read · 27 July 2014
HarbourVest has acquired stakes in Ironbridge Fund II from Portfolio Advisors and a Portfolio Advisors’ joint venture with Singapore-based United Overseas Bank.
2 min read · 25 July 2014
The State of Wisconsin Investment Board has been on a secondaries selling spree this month, divesting stakes in BC Partners, Charterhouse Capital Partners and 3i.
2 min read · 22 July 2014
BC ‘s Fund VIII closed on €5.8bn in 2005 and recently sold cleaning product and insect control company Spotless Group for €940m.
2 min read · 17 July 2014
Approximately 75% of LPs agreed to sell their stakes in the firm’s 2000-vintage Fund II, while the remaining LPs opted to roll over into a new fund.
3 min read · 17 July 2014
Charterhouse’s CCP Fund IX raised €4bn in 2008 and invested in UK-based greeting card retailer Card Factory, which floated on the London Stock Exchange earlier this year.
3 min read · 15 July 2014
