Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.
5 min read · 31 May 2015
Phoenix Life Assurance, which sold the stake to Landmark, ceases to be an LP in the fund.
2 min read · 29 May 2015
Earlier this month an SEC official speaking at an industry conference signaled the US regulator’s interest in stapled secondary deals. Do they create situations where fiduciary duty may be skirted?
3 min read · 29 May 2015
Investors in the $265m Indochina Land Holdings II fund have opted to sell their positions at a significant discount to a Gaw Capital-sponsored special purpose vehicle after the fund was timed out.
2 min read · 29 May 2015
Consumer groups’ concerns regarding the fund’s investment in a payday lender prompted the New Jersey State Investment Council to explore various options for dealing with the exposure.
2 min read · 28 May 2015
Lea Lazaric Calvert will start in July in Evercore’s London office and will focus on advising leading financing institutional investors and fund sponsors on secondary transactions.
2 min read · 28 May 2015
Paul Capital has sold several fund stakes in recent months as the firm is in the process of becoming a ‘closed-doors’ firm. This sale was of a stake in Vision Capital IV, which retains Elegant Hotels in Barbados.
1 min read · 27 May 2015
The firm has already committed 21% of Stafford International Timberland VII’s $484 million and plans to open an office in Latin America in the third quarter.
2 min read · 26 May 2015
The deal comes only months after Lone Star acquired a large real estate portfolio from Moorfield for £1 bn.
2 min read · 22 May 2015
The fund, which had a first close nearly 18 months ago, was oversubscribed.
2 min read · 22 May 2015
