Family offices and smaller pensions and endowments are turning to leverage to remain competitive when purchasing fund stakes in the secondaries market, according to Investec.
2 min read · 16 December 2015
The San Rafael, California-based pension plan, which has had a relationship with Abbott Capital Management since 2008, secured discounted fees.
1 min read · 15 December 2015
The portfolio was owned by the German Max Planck Foundation and is made up of three European fund stakes including an interest in the UK’s NorthEdge Capital Fund I.
2 min read · 15 December 2015
With strong liquidity and subdued regulatory pressure on LPs to reduce private equity exposure, today’s sellers are predominantly using the secondaries market to re-balance portfolios, explains Landmark’s Ian Charles.
5 min read · 14 December 2015
The target for Axiom Asia IV is still undisclosed but the Singapore-based firm’s previous vehicle sped towards its $1.15bn final close in just four months.
1 min read · 14 December 2015
Secondaries fundraising saw the third biggest year-on-year growth in 2014, beating buyout and real estate, according to a Bain & Company report.
2 min read · 14 December 2015
The VC firm, backed by American investor Tim Draper, will use proceeds from the IPO to buy out investors from one of its funds.
2 min read · 10 December 2015
Singapore’s $344bn sovereign wealth fund hired a former Pantheon exec in October and is seeking a secondaries professional for its Singapore office.
1 min read · 10 December 2015
The wholly owned subsidiary of Northern Trust, which launched earlier this year, purchased the fund interest from Brown Brothers Harriman.
2 min read · 10 December 2015
The secondaries firm has raised €154m for its European Secondary Development Fund V. Swedish pension AP Fonden 3 is a returning investor.
1 min read · 09 December 2015
