The $70.8 billion pension system is considering a massive sale of real estate holdings in a continuing effort to cull under-performing or redundant investments from its portfolio.
2 min read · 17 January 2013
The restructuring, financed in part by an investor group that includes Landmark and Vision Capital, is seen as a way of providing options to LPs in a fund that has lived beyond its intended life.
4 min read · 29 August 2012
The $122bn pension system has completed its sale of private equity interests, selling ‘relationships’, according to Barry Miller, head of private equity in the city Comptroller’s office.
2 min read · 23 August 2012
Coller Capital has agreed to pay Lloyds Banking Group £1.03bn for a portfolio of private equity investments, in a marquee deal that features an unusual structure.
2 min read · 15 August 2012
The group’s ability to source and execute deals – as demonstrated by its acquisition of a Swedbank portfolio this week – persuaded LPs to support a significant increase in AXA’s latest secondaries fund.
2 min read · 19 June 2012
DLJ Merchant Banking Partners and JP Morgan held onto Vitopel for 12 years before selling the company to Vision for an undisclosed amount.
2 min read · 16 April 2012
The New York-based placement agent has acted on behalf of two mid-market firms to help diversify their ‘non-traditional’ limited partner bases.
2 min read · 12 April 2012
Goldman Sachs, AlpInvest and Landmark Partners are backing the financial separation of Ridgemont Equity Partners from Bank of America as the firm raises its debut fund as a fully independent firm.
2 min read · 12 April 2012
PropertyMatch, a European secondaries trading platform for units in unlisted real estate funds part-owned by CBRE, says it traded more than €270m in the first quarter of the year, beating last year’s corresponding period by 240 percent.
2 min read · 10 April 2012
The purchase of French bank Crédit Agricole’s private equity arm – including a €450m portfolio – marks the first investment from Coller’s latest secondaries fund, which is nearing final close.
2 min read · 30 March 2012
