Some GPs think it’s impossible to predict fees and expenses for the restructuring and extension of a fund, so they would rather not include it in their LPAs.
2 min read · 10 December 2018
The US pension has committed $150m to each of the firms’ latest private equity funds and is also considering buying and selling on the secondaries market.
1 min read · 10 December 2018
SOF IV is targeting $100m more than its predecessor and has a 10% hurdle rate, according to documents prepared for a US pension.
2 min read · 07 December 2018
Goldman Sachs and Hamilton Lane’s backing of a $1.35bn VC directs deal shows it is no longer a place where buyers struggle to write big tickets.
2 min read · 06 December 2018
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.
4 min read · 06 December 2018
The process to give more runway to assets in L Capital Asia, a 2009-vintage, $637m buyout fund, is being run by Evercore.
2 min read · 06 December 2018
The C$153bn pension is the latest North American institutional investor to bring a huge bundle of stakes to market.
2 min read · 06 December 2018
The strategy has returned 14.6% since inception, though high pricing and competition is causing the pension to lower its expectations, according to senior investment officer John Bradley.
2 min read · 05 December 2018
The secondaries advisor and placement agent has opened in Charlotte, adding to its New York, Chicago and Los Angeles offices.
1 min read · 05 December 2018
Expect another year of healthy trading in the market for second-hand fund stakes.
2 min read · 05 December 2018
