Several factors including higher pricing lowered buyers’ targeted returns, according to a survey of market participants by the Swiss investment bank.
2 min read · 11 April 2014
Secondaries Investor reveals more details about the Ardian-managed fund comprising 36 LP stakes.
1 min read · 10 April 2014
The identities of two of the 24 fund interests purchased by Lexington from Ireland’s NPRF in January have been disclosed.
1 min read · 08 April 2014
The Spanish banking giant has sold a 28-strong portfolio of venture capital funds.
1 min read · 07 April 2014
The $627bn sovereign wealth fund is ramping up its secondaries capabilities, and said to be on the hunt for good fund restructuring opportunities.
2 min read · 07 April 2014
Four months of talks between GMT and its LPs to restructure GMT’s Fund II are nearing a resolution, as GMT looks to get back on the fundraising trail to raise €400m for Fund IV.
1 min read · 03 April 2014
The complex sale of CVCI fund interests by TRG includes Citigroup balance sheet, employee and client money that push it in excess of $2bn.
1 min read · 27 March 2014
The life sciences-focused direct secondaries firm has purchased 20 assets thought to be worth $5-10m each with the backing of Lexington Partners.
1 min read · 24 March 2014
A unique structure is said to have allowed Ardian to bypass the time-consuming GP approval process for all 350 interests.
1 min read · 20 March 2014
The Blackstone-owned secondaries firm has snapped up BAML’s stake in Ares European Real Estate Fund III.
1 min read · 14 March 2014
