Deals

Alantra buys large chunk of Access Capital

The allows Access to remain independent and gives Alantra access to funds of funds, secondaries and co-investment capabilities.

Schroder Adveq picks up Partners tail-ends

The stakes were sold by a mature fund of funds vehicle and were in vehicles managed by EQT, BC Partners and other big names.

ICG backs $1bn Standard Chartered spin-out

The firm’s Strategic Equity unit has also committed £316m to the spin-out team for new deals and follow-on investments.

Trio of buyers join Lexington in $1bn TPG stapled deal

Partners Group was among a consortium of buyers that joined Lexington Partners in acquiring stakes in two of TPG’s Asia funds and committed to Asia Fund VII.

Indian secondaries: getting across the line

A handful of successful GP-led processes, involving household names such as CDC and Coller Capital, represent a significant step forward for the Indian secondaries market in 2018.

StepStone to back L Catterton deal – exclusive

The process to give more runway to assets in L Capital Asia, a 2009-vintage, $637m buyout fund, is being run by Evercore.

PSP shops $1bn private equity portfolio – exclusive

The C$153bn pension is the latest North American institutional investor to bring a huge bundle of stakes to market.

Goldman and Hamilton Lane back $1.4bn direct secondaries deal

NewView Capital Management, which acquired a portfolio of 31 stakes from VC-giant NEA, used them to seed its debut fund.

GP performance a key part of family offices’ secondaries strategy

Family offices are twice as likely as institutional investors to sell private equity stakes due to poor manager performance.

Buyers should heed Brexit FX risk

Brexit could bring portfolios to market but buyers need to hedge against the risk they pose, according to panelists at PEI’s Women in Private Equity Forum.