The distressed debt fund, raised about 10 years ago, was caught in Lehman Brothers’ collapse, which impacted its returns.
3 min read · 27 October 2015
The fund, which targets high net worth individuals, bought stakes in Carlyle Asia Growth Partners III and Carlyle/Riverstone Global Energy and Power Fund II on the secondaries market. It also expanded its exposure to other funds, including Carlyle Partners V, which owns Axalta Coating Systems.
2 min read · 12 June 2015
There is a lot of opportunity to restructure dysfunctional funds in continental Europe, particularly in Germany where direct secondaries specialist Evoco sees the most promising situations, says co-founder and partner Michel Galeazzi.
2 min read · 29 September 2014
Demonstrating how much the secondaries market has changed, last year only 1% of activity was originated by distressed sellers, according to advisory firm Evercore.
1 min read · 04 April 2014
