LPs
unquote" LP and secondaries round-up
US and European LPs bring PE investments in-house in our latest round-up of LP and secondaries news
Flight of western capital forces Russian PE to rebalance
Formal and informal sanctions continue to stunt western private equity activity in Russia, with many funds struggling to raise commitments
HarbourVest closes secondaries fund on $4.77bn
Fund-of-funds manager Harborvest's secondaries vehicle has reached a final close above its $3.6bn target
Mid-market consumer deals drive Turkish PE activity
As geopolitical developments impact the macroeconomic outlook, investors are banking on the resilient demand for everyday consumer goods
KKR, Advent, Apollo et al. endorse ILPA's reporting template
Insitutional Limited Partners Association receives support from major GPs for standardised reporting
Turkey gets back to business
Despite geopolitical uncertainty, LP appetite for Turkey-dedicated funds remains strong as activity in the country continues to pick up
LP Profile: DBPE's thirst for co-investments
unquote" catches up with DBPE to discuss its strategy, which has recently seen it increase its focus on equity co-investments
DACH institutional investors set sights on private equity
LPs are moving away from more liquid asset classes in search of stronger returns, with private equity's popularity on the up in the German-speaking region
unquote" LP and secondaries round-up
An overview of recent news and events regarding private equity LPs and secondaries deals
ATP appoints Nordea AM head Hyldahl as new CEO
Head of Nordea Asset Management Christian Hyldahl replaces Carsten Stendevad
HarbourVest delists from Amsterdam stock exchange
As part of the strategy, the GP will consolidate its listing on the London stock exchange
Idinvest appoints Julien Princi as general counsel
Princi joins Idinvest from French asset manager Amundi, where he was deputy general counsel
HarbourVest clinches £807m SVG deal
Acquisition will see SVG wound down and ТЃ1.12bn returned to its shareholders
Private equity's public market problems
Despite strong investor appetite for listed private equity houses, life on the public markets brings with it numerous challenges
HarbourVest further extends deadline for SVG share offer
Extension will enable the parties to continue negotiations around an alternative asset-based offer
Electra Private Equity to move to corporate structure
LP's strategic review concludes it will discard its listed investment trust status
LP Profile: ATP
Danish pension fund is among Europe’s largest but does not prescribe asset allocation targets
HarbourVest makes new £783m SVG bid
Proposed deal would be similarly structured to a rival bid by Goldman Sachs and CPPIB
HarbourVest extends deadline for SVG takeover
Offer lapsed on 6 October, with SVG's board urging shareholders to accept a competing offer
Goldman and CPPIB field £748m bid for 100% of SVG
SVG board deems Goldman/CPPIB bid preferred option, ahead of HarbourVest and Pantheon/Pomona
SVG recommends liquidation, £379m sale to Pantheon, Pomona
Board of directors proposes to wind down SVG to maximise cash returns to its shareholders
In Profile: LPs
Our series of in-depth strategy updates and data-driven activity analysis of the major players invested in European mid-market PE funds
SVG confirms talks with Goldman Sachs and CPPIB
Fund-of-funds in talks with Goldman Sachs and Canadian pension fund for alternative bid
SVG in talks with other bidders, says board
SVG board holds position over HarbourVest bid in a public back-and-forth between the two firms