Co-investments
YielCo holds closes for PE and co-investment funds
YielCo Special Situations Europe II is targeting €300m; YielCo Defensive Investments targets €150m
Flexstone reaches $322m second close for co-invest fund
Firm is gearing up to announce a fourth co-investment deal for Global Opportunities IV in May
AlpInvest Co-Investment Fund VIII closes on $3.5bn
ACF VIII invests alongside GPs in private equity buyouts and growth capital transactions across a variety of sectors
Lexington Co-Investment Partners V closes on $3.2bn
Fund focuses on co-investments alongside private equity sponsors, primarily in US and European companies
Kempen co-invests in £46.5m Eque2 MBO
WestBridge acquired Eque2 in December 2020, marking the firm's sixth investment from its second fund
Northstar invests in Vectair
Mobeus sold the business for an 8.3x return to Oxbow and Arcspring in December 2020
GHO, co-investors complete Envision deal
Ardian and GHO started exploring options for the sale of Envision in May, with a deal struck in July
Pantheon appoints Cashion as co-investment partner
Matt Cashion joined Pantheon's New York office earlier in October
Co-investment: get out or double down?
While some LPs could be overexposed to troubled sectors, others could up their game and deploy into opportunities arising mid-cycle
SwanCap holds final close for Swan IV
Co-investment fund closed on €303m, surpassing its €250m target, and the GP has now launched Swan V
Aberdeen Standard hires Cinven's Robinson
Robinson joins from his position as principal at Cinven, where he acted as a non-executive director
LP Profile: CPP Investments
Unquote picks out key takeaways from CPPI’s latest annual report, and hears from head of PE funds Delaney Brown about the Canadian LP's strategy
SwanCap nears final close for latest fund
SwanCap's private equity co-investment fund expects to close 20% above its €250m target
DWS putting secondary capital to work in late-stage co-investments
Secondaries player has found that offering a mid-cycle co-invest can be an option for PE-backed assets to capitalise on opportunities
Essling refocuses on co-invest and LBO, as co-founder departs
Michele Mezzarobba leaves the firm having co-founded it in 2017
Castik-backed Waterlogic sells stake to BCI
BCI, which is a Canada-based LP direct investor, has made investments in several European companies
Pantheon promotes Wong and Vainio to partner
Pantheon offers regional primary fund programmes, secondaries, and co-investment
Hermes GPE closes PEC IV on $603.5m
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Essling holds first close on €90m for Co-invest 3
Fund backs lower-mid-market to large-cap businesses based in Europe and the US
Team spirit: the enduring appeal of co-investment
This year, €7.87bn was collected across seven co-investments funds, breaking Unquote Data records
ILPA mulling Europe-focused legal document Model LPA
Model LPA is designed to reduce complexity, cost and resources required when negotiating fund terms
CataCap to acquire AerFin
CataCap has acquired aerospace services company AerFin alongside management and Schroder Adveq
Ardian closes fifth co-investment fund on $2.5bn
Ardian Co-investment V is more than double the size of its predecessor, which closed in 2015
LP Profile: Connection Capital
Private equity managing director Bernard Dale discusses the firm's focus on private clients and its direct/indirect investment model