Secondaries
Northleaf closes secondaries fund on $225m
Firm now manages $600m of capital aimed at secondaries
Ardian raises $10bn for latest fund-of-funds
Largest ever amount raised for a secondaries-focused fund-of-funds
Idinvest Secondary Fund II holds €214m final close
Surpasses €200m target
Azini Capital raises $100m vehicle
Lexington cornerstones Azini 3
Auda closes Secondary Fund III on $332m
Private equity-focused investment manager Auda International has held the final close of its Auda Secondary Fund III (ASF III) vehicle with commitments totalling $332m.
NPRF offloads €800m PE portfolio to Lexington
The National Pensions Reserve Fund of Ireland (NPRF) has sold around €800m of global private equity fund interests to secondaries firm Lexington Partners.
HarbourVest throws Motion lifeline
HarbourVest Partners has extended the life of Motion Equity Partners’ fund to enable it to exit portfolio companies.
HarbourVest promotes Flower
HarbourVest Partners has named Tim Flower as managing director in a promotion from his previous position of principal.
Direct secondaries: breathing new life
An industry-wide impetus is needed to resuscitate an ailing sector. Kimberly Romaine reports
Zombie funds: Fright of the living dead
Zombie funds
Q&A with LGT's Vercoutere
Ivan Vercoutere, managing partner at LGT Capital Partners, speaks to Kim Richters about the current secondary market and the firm's latest vehicle
AlpInvest raises $4.2bn for secondaries
AlpInvest Partners, the fund-of-funds manager owned by Carlyle, has raised $4.2bn for its secondaries programme with $750m going towards its AlpInvest Secondaries Fund V vehicle.
StepStone snaps up Greenpark
San Diego-based StepStone Group has completed its acquisition of London-based secondaries house Greenpark Capital.
Adveq secondaries fund hits $175m hard-cap
Adveq has closed its Secondaries II fund on its hard-cap of $175m, above its $150m target.
Lexington to raise $8bn secondaries fund
Secondaries investor Lexington Partners is aiming to raise $8bn for its Lexington Capital Partners VIII fund, which will launch next year.
Direct secondaries set to peak in 2017
The volume of the direct secondaries market has already doubled in the last year and is set to continue expanding rapidly, according to recent research by placement agent Triago.
Montana closes debut secondaries fund on €80m
Montana Capital Partners, a firm focusing on the smaller end of the secondaries market, has closed its annual programme on its hard-cap of €80m.
Pricing secondaries: complex process or pure guesswork?
Pricing secondaries
A vintage year for the secondaries market
Secondaries
Adams Street closes Secondary Fund 5 on $1bn
Adams Street Partners has closed its Global Secondary Fund 5 on its $1bn hard-cap.
Blackstone agrees to buy Strategic Partners from Credit Suisse
Blackstone Group has agreed to acquire Credit Suisse Group AG’s secondary private equity business, Strategic Partners, for an undisclosed price.
LP interview: The secondaries saga
Founded in 1991, London-based Paul Capital has decades of experience in secondaries and fund-of-funds investments. unquote" talks to secondaries specialist and partner Elaine Small about the drivers behind the market's unprecedented growth.
Coller names Jones as CEO
Secondaries specialist Coller Capital has named extant deputy CIO Tim Jones as CEO, a new role for the firm. Founder Jeremy Coller becomes executive chairman and will remain CIO.