Secondaries
Hamilton Lane backs Legend Capital fund restructuring
Continuation fund is backed by institutional investors and has a five-year holding period
Verdane acquires Eden portfolio
Deal is the first in the UK from Verdane Capital's tenth fund, which closed on SEK 6bn in January 2019
IPEM TV 2020: direct investing still tricky, says Coller's Francois Aguerre
Aguerre explains why co-investments will likely remain a preferable option for large LPs
Direct lenders eye secondaries market for first-gen funds
Several European direct lenders are speaking to secondaries advisers about running processes on older vintage funds
Ion Pacific targets $150m for VC secondaries fund
Firm focuses on direct secondaries and LP interests in VC funds, as well as GP recapitalisations
ICG closes third secondaries fund on $2.4bn
ICGSE III targets secondaries transactions, with a primary focus on complex fund restructurings
Fund focus: Lexington targets growing Asia secondaries market
GP's ninth fund closed on $14bn, above its $12bn target, and will target secondaries opportunities in Asia
Unigestion launches Secondary V
Latest vehicle will target non-auctioned small and mid-market secondaries opportunities
NYSCRF backs secondary special situations fund
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.
Secondaries prices remain strong in Europe amid global dip – research
Setter Capital's latest report reveals a dip in transaction prices for LBOs, funds-of-funds and venture secondaries
Stafford launches €750m infra secondaries fund
Fourth core infrastructure secondaries fund is set to be twice the size of its predecessor
Pantheon Global Secondary Fund VI to close in 2020
Pantheon's latest vehicle, Global Secondary Fund VI, is expected to hold a final close in 2020, Unquote understands.
Lexington closes ninth fund on $14bn
Vehicle is now the largest secondaries fund ever raised, with Ardian aiming to top it
Greenspring closes VC secondaries fund on $800m
Fund targets investments in expansion-stage companies as well as LP interests
Rede appoints Goodlad as head of transactions
Magnus Goodlad will replace Yaron Zafir, who has stepped down from his role and will act as senior adviser
Standard Life Private Equity Trust outlines 2019 secondaries activity
Fund completed three secondary investments last year
Portfolio Advisors hits first close for secondaries fund
Hard-cap of the secondaries vehicle amounts to $2.25bn, with a final close expected in H2
Five Arrows Secondary Opportunities V closes on €1bn
Vehicle's predecessor, Five Arrows Principal Investments IV, closed on €451m
Hollyport closes Secondary Opportunities Fund VII on $1bn
New vehicle has already acquired stakes in an Equistone legacy fund and in Indigo V
PAI completes GP-led secondaries deal for Fund V
Alpinvest, Goldman Sachs and HarbourVest are lead investors in the new fund
3i completes single-asset restructuring for Action
GP will wind up its original investment vehicle and release liquidity to investors
Headway hits €372m hard-cap for fourth secondaries fund
Fund targets direct secondaries, structured secondaries, GP restructurings and co-investment secondaries
Pantheon to invest in KD Pharma in single-asset restructuring
Capiton IV has sold a stake in its portfolio company, Omega-3 producer KD Pharma
HarbourVest, Hamilton Lane in Bridgepoint Europe IV restructuring
Bridgepoint Europe IV, which closed on €4.8bn in 2008, still holds a number of assets
