Further consolidation of France's FCPI managers could spell an opportunity for direct secondaries
Transfers are becoming more complex as cash continues to flood secondaries market
Vehicle has already made nine investments
News comes a few months after Euro Choice V final close
Fund was raised in one year without placement agent
Firm now manages $600m of capital aimed at secondaries
Largest ever amount raised for a secondaries-focused fund-of-funds
Lexington cornerstones Azini 3
The fund, which is domiciled in the Cayman Islands, surpassed its original target of $300m. ASF III hit the final figure at the very end of December last year.
According to a filing with......
The interests sold include investments and commitments to 24 individual private equity funds.
NPRF has sold the stakes in a move to generate liquidity to facilitate its transition into......
The new deal has awarded Motion with a generous four additional years to realise its current portfolio, which comprises investments made between 2005 and 2010.
Talks over the fund extension......
Flower joined HarbourVest's secondary team in London in 2008 from Bridgepoint. Notable secondary deals worked on by Flower include Project Hermanus IV, a secondary direct acquisition of......