LP interest secondary
China to buy LP interests from GM pension plan
The Chinese government has agreed to buy stakes in a string of private equity funds, including vehicles managed by The Carlyle Group, The Blackstone Group and CVC Capital Partners, from General Motors’ (GM) pension plan.
Sponsored video: Secondcap's François Gamblin on the secondaries market
Video: Secondcap's François Gamblin
Triago's Dréan launches online PE marketplace Palico
Palico, a global online marketplace for the private equity fund community, launched yesterday.
Madrid’s local government to sell stake in CRM
Madrid’s local government is to sell its 49% stake in private equity fund Capital Riesgo Madrid (CRM) on the secondaries market.
JPEL buys Arch Cru portfolio for £56.5m
J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth £56.5m.
Easter sees double secondaries deals
The Easter weekend has seen major developments in the secondaries market, with both HarbourVest and Eurazeo attempting to expand their presence through acquisitions. John Bakie reports
Citigroup to offload pe portfolio to Lexington Partners
According to reports, Citigroup is close to a sale of its $900m private-equity investments to Lexington Partners, including an interest in Citigroup Capital Partners II.
Lexington Partners holds interim closing on $3bn
Secondaries specialist Lexington Partners has held an interim closing of its seventh fund, Lexington Capital Partners VII, on just over $3.1bn.
Mutua Madrileña suscribes €16m to Altamar fund
Spanish insurance firm Mutua Madrileña has committed €16m to Altamar Secondary Opportunities, taking a 25% stake in the €65m secondaries fund.
Q&A: Hungry for secondaries
The secondaries team of NorgesInvestor is aggressively chasing opportunities in the Nordic region. Rikke Eckhoff asks partner Dylan Wolff how he sees the secondaries market.