The listed fund of funds surpassed its target, selling shares at or above its current stock price.
2 min read · 13 August 2009
The Belgian firm has bought three ‘early secondary’ interests in CapMan funds, made one primary commitment and is eying a 10% stake in the management company.
2 min read · 07 August 2009
The public US pension, which last reported assets valued at $16bn, decided to look for purchases on the secondaries market because ‘sellers were looking to sell high quality allocations at deep discounts’.
1 min read · 06 July 2009
The $50.6bn Massachusetts pension purchased the secondary stake in Denham Capital Management Commodity Partners V from Harvard.
1 min read · 03 June 2009
The listed fund of funds has this week unloaded a total of £206m of unfunded commitments.
1 min read · 29 May 2009
The London-listed private equity firm has offloaded a portfolio of 10 venture capital investments to the secondaries specialist. 3i has also exited its growth capital investment in shipping services company Instone International for between €30m and €50m.
1 min read · 20 April 2009
The UK private equity firm has made its debut Spanish and solar investments with the acquisition of stakes in three photovoltaic plants in a secondaries transaction.
1 min read · 18 March 2009
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
2 min read · 13 March 2009
A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital, which will have $750m in capital and 45 portfolio companies. HarbourVest completed a synthetic secondary transaction as part of the spin-out.
3 min read · 24 February 2009
Secondaries specialist Coller Capital was the largest investor in the listed fund of funds’ recent rights issue, having picked up 50 million shares. The investment was made from Coller’s fifth fund, which is around 55% deployed; the firm is expected to raise up to $6bn for Fund VI later this year.
2 min read · 13 February 2009
