PNC has become the majority owner of the firm, with a 75% stake in a deal that closed in July.
1 min read · 05 September 2019
Record-high transaction volumes mean that under US tax laws some LP stake transfers will not be permitted until 2022, according to a report by intermediary NYPPEX.
2 min read · 27 August 2019
Early shareholders in the technology company sold to a consortium led by HPE Growth Capital via a direct secondaries deal.
2 min read · 20 August 2019
Credit and distressed funds accounted for 20% of GP-leds deals in H1, according to data from Greenhill.
2 min read · 19 August 2019
With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, here’s a look at which firms have been on the acquisition trail.
1 min read · 15 August 2019
The firm, founded by two former senior Goldman Sachs executives, is running a tender offer involving around $4.6bn of net asset value.
2 min read · 14 August 2019
Lexington Partners, Adams Street and StepStone were part of a consortium that acquired five assets off Eurazeo’s balance sheet which were used to seed the €700m Eurazeo Capital IV buyout fund.
2 min read · 09 August 2019
The €192m deal follows Three Hills’ acquisition of half of Hutton Collins’ debut fund, including burger chain Byron, via a secondaries deal in 2018.
2 min read · 05 August 2019
Secondaries market volume hit $42bn in the first half, a 56% year-on-year increase, including nine deals worth more than $1bn.
2 min read · 01 August 2019
Canada’s largest insurer has sold a portfolio of 50 US mid-market funds into a vehicle backed by the Carlyle subsidiary and managed by its own PE investment team.
2 min read · 01 August 2019
