A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.
2 min read · 11 February 2015
Direct secondaries firm Nova is among four final bidders that would recapitalise Fenway’s 1998-vintage Fund II and 2006-vintage Fund III.
3 min read · 04 February 2015
Perseus’ five legacy funds finally have a new owner in distressed investment firm Centre Lane, giving longstanding LPs a liquidity option. But it wasn’t your average secondaries deal.
3 min read · 30 January 2015
The deal, orchestrated by Cogent, will let Perseus finally wind down operations.
3 min read · 29 January 2015
The transaction comes months after Lexington Partners and Newbury Partners led the restructuring of GMT’s $365m Fund II.
2 min read · 27 January 2015
Proskauer partner Sean Hill said this week that fund recaps will become a more common strategic management tool.
1 min read · 21 January 2015
The San Diego County Employees’ Retirement Association plans to reduce the number of private equity funds in its portfolio from 53 to between 25 and 35.
1 min read · 21 January 2015
Cincinnati-based Fort Washington Capital Partners has closed its third private equity opportunities fund on $150 million.
1 min read · 20 January 2015
The trio of advisors brokered circa $25bn in transactions last year, accounting for nearly half of all estimated secondaries market activity.
2 min read · 16 January 2015
Long-standing relationships and LP-friendly terms were key elements in HarbourVest’s €215m stapled transaction with Doughty Hanson.
3 min read · 09 January 2015
