Secondaries
Capiton explores single-asset restructuring for KD Pharma
Park Hill is advising on the GP-led secondaries process, which is expected to close in July
LPs worry about alignment issues in GP-led secondaries – survey
Four out of five respondents in the latest Coller barometer highlight it as their biggest concern
Verdane invests in e-commerce portfolio
Verdane and Canica eCom have partnered with the management teams of the four companies
GPs get picky on LP-led secondaries
Approved-buyers lists have emerged as a way for GPs to assert their power, but may not become commonplace just yet
Emeram completes €50m capital increase for first fund
Buyers include Arcano Capital, Schroder Adveq, Unigestion and Lombard – all new investors
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
Contrasting fortunes: debt and venture secondaries
Private debt secondaries have the wind firmly in their sails, while the longer-established venture secondaries space is still an acquired taste
Video: Campbell Lutyens' Bajnai talks fundraising, secondaries
Global advisory board chair Gordon Bajnai discusses LP appetite for European opportunities and the inexorable rise of GP-led processes
Draper Esprit buys stakes in Earlybird funds
Draper Esprit will fund the acquisitions by issuing up to £100m in new shares on the AIM segment of the London stock exchange
Coller backs $1bn secondaries deal for Investcorp
Investcorp will transfer six deals that were completed on a deal-by-deal basis into a new vehicle
Investcorp transfers companies worth $185m to secondary fund
Deal will provide the companies with fresh capital and HarbourVest's active support
Bain brings in PSP as Wittur co-investor
Pension fund said it will closely cooperate with Bain as sponsor and trusted partner
ICG backs spin-out of Standard Chartered Private Equity
New firm Affirma Capital (with the former SCPE team) will continue to manage the portfolio
Single-asset funds afford slow and steady pace
When a fund approaches the end of its lifespan, transferring the last remaining investment into a new vehicle is proving increasingly popular
ABN Amro to partially sell stake in PE arm
Bank will partially exit PE division ABN Amro Participaties, which will be renamed as Capital A
CVC acquires remaining 20% of Breitling
CVC acquires remaining stake following buyout last year that saw the firm secure an 80% holding
Charterhouse considers secondaries deal for ninth fund
Vehicle launched in March 2008 with a €6bn target but held a final close on €4bn in 2009
Alantra PE Fund II completes secondaries deal
Partners Group is the leading investor in the new vehicle, alongside several existing investors
Electra Private Equity to wind down
Electra sells Photobox for £98m and will receive £21m from the Knight Square deal
Landmark backs single-asset secondaries for PAI's Perstorp
PAI has been invested in the speciality chemicals business, the last asset in PAI IV, since 2005
Novo takes 24.9% of Cinven's Envirotainer
Co-investment is announced in partnership with Cinven, two months after the initial buyout
ForeVest completes GP-led secondary for 2007 fund
ICG was selected as the lead buyer in a competitive process run by Park Hill Group
European secondaries up 50% year-on-year – report
Western Europe deals saw the largest increase in H1 compared with other geographies, says Setter
Headway invests in restructuring of Alter Capital fund
GP established a new vehicle, Alter Cap II, to purchase the fund’s portfolio and provide capital