Secondaries
Capiton explores single-asset restructuring for KD Pharma
Park Hill is advising on the GP-led secondaries process, which is expected to close in July
LPs worry about alignment issues in GP-led secondaries – survey
Four out of five respondents in the latest Coller barometer highlight it as their biggest concern
Saga closes fund-of-funds on €600m
Vehicle was launched in March 2018 with a €700m target and held a first close on €170m
GPs get picky on LP-led secondaries
Approved-buyers lists have emerged as a way for GPs to assert their power, but may not become commonplace just yet
Unquote Private Equity Podcast: Sotheby's to PEbay
Listen to the latest episode of the Unquote Private Equity Podcast, in which the team discusses the evolution in the secondary market
Emeram completes €50m capital increase for first fund
Buyers include Arcano Capital, Schroder Adveq, Unigestion and Lombard – all new investors
Korea Post hunts for secondary PE managers
Korean LP is interested in closed-end commingled funds with a minimum size of $1bn
Lexington requests extension for seventh fund
Firm has asked for a one-year extension to complete the wind down of the portfolio
Secondaries leverage hitting record levels – research
Leverage now accounts for nearly 40% of the yearly secondary market value, says Triago
Secondaries in Private Equity
Unquote analysis of the secondaries market is now available for download
Contrasting fortunes: debt and venture secondaries
Private debt secondaries have the wind firmly in their sails, while the longer-established venture secondaries space is still an acquired taste
Video: catching up with Pantheon's Helen Steers
Steers shars her insights on emerging managers, the current fundraising environment, Pantheon's focus on secondaries, and more
Draper Esprit buys stakes in Earlybird funds
Draper Esprit will fund the acquisitions by issuing up to £100m in new shares on the AIM segment of the London stock exchange
Coller backs $1bn secondaries deal for Investcorp
Investcorp will transfer six deals that were completed on a deal-by-deal basis into a new vehicle
Investcorp transfers companies worth $185m to secondary fund
Deal will provide the companies with fresh capital and HarbourVest's active support
Single-asset funds afford slow and steady pace
When a fund approaches the end of its lifespan, transferring the last remaining investment into a new vehicle is proving increasingly popular
Mantra closes two funds
Firm holds a final close for its secondaries-focused fund and a first close for its primary fund-of-funds
Electra Private Equity to wind down
Electra sells Photobox for £98m and will receive £21m from the Knight Square deal
Landmark backs single-asset secondaries for PAI's Perstorp
PAI has been invested in the speciality chemicals business, the last asset in PAI IV, since 2005
Tail-end funds fuelling secondaries boom
Recent research shows the proportion of tail-end funds in secondaries transactions has been climbing rapidly, reaching a new record in H1 2018
Northleaf nets $2.2bn for global PE programme
Canadian private markets investor closes its latest secondaries vehicle on $800m
ForeVest completes GP-led secondary for 2007 fund
ICG was selected as the lead buyer in a competitive process run by Park Hill Group
European secondaries up 50% year-on-year – report
Western Europe deals saw the largest increase in H1 compared with other geographies, says Setter
Headway invests in restructuring of Alter Capital fund
GP established a new vehicle, Alter Cap II, to purchase the fund’s portfolio and provide capital
