In the last year the competitive auction has become a rarity, as buyers became unwilling to bid up prices and sought extensive exclusivity. Now, though, they could be back on the cards.
New York State Common Retirement Fund (NYSCRF) has committed $400m to secondary special situations and new private lending investments in Asia-Pacific, according to documents seen by Unquote.
Fund completed its first deal, backing Poland-based household cleaning products manufacturer Clovin
BD-Capital is a recently established private equity firm targeting European mid-market businesses
GPs invest in the business alongside the founder Barbier and the management team led by Maderay