Secondaries
Landmark promotes four to partner
Eddie Keith and Charlie Tingue are promoted to partner in the PE teams in New York and London
Secondaries: all systems go following bumper 2017
Following a slump in 2016, the global volume of PE secondary transactions increased last year to reach new records
Lacera begins search for secondaries adviser
US pension fund looks to rebalance its PE portfolio by selling "dozens" of LP stakes
Deutsche Asset Management appoints Meketa's Green
Green will be responsible for capitalising on difficult-to-access secondary market opportunities
Goldman and GIC lead restructuring of Vector funds
Both funds are managed by Vector Capital and closed in 1999 and 2005
SL Capital closes secondaries fund on $428m
Total raised for SL's third secondaries vehicle is 47% more than that raised for its predecessor
Lexington closes mid-market secondaries fund on $2.7bn
Vehicle holds a final close on its hard-cap, exceeding its initial $2bn target
BEX Capital holds €120m final close for secondaries fund
Secondaries investor acquires commmitments in funds-of-funds and other secondaries-dedicated vehicles
Lexington, BC Partners agree $1bn stapled secondary deal
Lexington was previously reported to be considering acquiring up to тЌ1.2bn in secondary commitments
Stapled secondaries moving upmarket
BC becomes the latest firm to benefit from a stapled secondaries deal, as some industry insiders anticipate a developing trend
Lexington to commit up to €600m to new BC fund in stapled deal
Lexington Partners agrees to buy тЌ1.2bn of LP stakes in BC IX, while committing to fund X
Neuberger Berman in exclusive negotiations for FII's portfolio
Exclusivity ends the bidding process for the portfolio, which also attracted Tikehau and Italmobiliare
Hamilton Lane closes secondaries fund on $1.9bn
Hamilton Lane Secondary Fund IV, the firm's largest secondaries vehicle to date, originally targeted $1.25bn
Unigestion, Union Investment close third fund-of-funds on €312m
Unigestion will manage the fund's portfolio while Union Investment is responsible for fund administration
New LP Essling Capital spins out from Massena Partners
PE-focused entity manages €1bn across primaries, secondaries, co-investments, real estate and debt
Committed Advisors closes third secondaries fund on €1bn
Strategy will focus primarily on mature private equity assets in North America and Europe
AlpInvest raises $6.5bn for secondaries programme
Programme’s previous generation, ASP V, had received $4.2bn in commitments in 2013
Neuberger Berman closes secondaries fund on $2.5bn
Global vehicle surpasses the total raised by its 2013-vintage predecessor by 25%
SL Capital holds $213m first close for third secondaries fund
UK GP targets $400m for its secondaries vehicle focused on small-cap and mid-market funds
unquote" LP and secondaries round-up
An overview of recent news and events regarding private equity LPs and secondaries deals
Stage Capital spins out from NBGI Private Equity
Deutsche Bank and Goldman Sachs back the creation of a new independent firm with тЌ300m in AUM
HarbourVest buys extra €42m commitment in Indigo Capital V
LP almost quadruples commitment to mezzanine debt provider's 2007-vintage vehicle
Unigestion holds €177m first close for secondaries fund
GP hopes to hold a final close for its fourth secondaries vehicle at €300m
ICG names Fleischer as new vice-president
Fleischer will focus on secondaries and joins from Coller Capital, where he was an investment manager