Western Europe

Montana raises first €1bn-plus fund

The niche secondaries firm has raised nearly 60% more for Fund V than the amount raised for its 2017-vintage predecessor.

UBS’s Galfetti: Secondaries market still has a lot of room to grow

Head of EMEA secondaries Sandro Galfetti discusses his outlook for the market in 2021 and what the bank’s private funds group is focusing on.

Ardian’s Gombault departs as fund of funds and private debt head

Vincent Gombault, a two-decade veteran of the firm, oversaw a strategy that has grown to account for around half of the investment giant’s $103bn in AUM.

Looking back: Top five biggest fundraises of 2020

The five largest secondaries funds to hold a final close in 2020 raised more than $60bn combined.

Happy Holidays from Secondaries Investor!

Secondaries Investor will be back on 4 January to deliver you more breaking news, analysis and insight on the most fascinating strategy in private markets.

Lion Capital closes restructuring despite LP disquiet

The consumer-focused buyout shop received a direct bid for frozen food business Picard, which some LPs viewed as a better option.

Alberta leads single-asset process on German RE asset

AIMCO invested €400m of equity in the deal centered around Aurelis Real Estate, a leading Germany-based light industrial real estate company.

Scandinavia’s Nordea hits target on debut secondaries fund

Nordea Private Equity’s secondaries fund is managed by Christen Estrup and former Partners Group executive Julien Marencic.

CPPIB Young Gun becomes latest departure from Canadian giant

Louis Choy, a senior member of the pension giant’s secondaries team, departs one month after fellow Europe lead Nik Morandi joined Strategic Partners.

Lower distributions in 2021 open doors for secondaries investors – report

Almost two-thirds of investors said they expect capital calls to exceed distributions in 2021, according to a survey by Montana Capital Partners.