Record half-yearly fundraising means buyers have had to expand their investment scope to chase promised returns. Here’s a trio of innovative transactions that caught our eye.
3 min read · 07 July 2017
The €650m deal moved assets from Recovery Fund 2008 into a new vehicle.
2 min read · 29 June 2017
The deal involved Varma Mutual Fund Pension selling part of its stakes in two MML Capital Partners mezzanine funds to the investment manager.
2 min read · 27 June 2017
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
3 min read · 27 June 2017
Crestline, which is based in Texas, has shifted towards the preferred equity niche. Secondaries Investor caught up with the firm’s head of PE credit and fund restructuring to talk deal sourcing and increased interest in preferred equity.
2 min read · 16 June 2017
One of the interests sold in the manager’s 2006-vintage distressed fund was a $100m stake held by Ontario Teachers’ Pension Plan, Secondaries Investor has learned.
2 min read · 15 June 2017
Secondaries funds take full advantage of subscription lines, but subscription lines also benefit from the secondaries market.
2 min read · 09 June 2017
Providers of subscription lines are increasingly looking to take control of LP transfers, according to lawyers at Debevoise & Plimpton.
2 min read · 05 June 2017
Buyers are using levels of leverage that ‘haven’t been seen before’, according to Mario Giannini.
2 min read · 05 June 2017
