Secondaries
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
Secondaries volume up 25% in H1 – research
Setter Capital's latest research reveals a sizeable uptick in private debt deals, though private equity secondaries still dominate the market
Fairview Capital launches to advise on GP-led secondaries
Firm will be led by the former international head of Park Hill Group, Pablo Calo
Three Hills makes €192m secondary deal, supported by Idinvest
Three Hills offers LPs the option to reinvest in continuation vehicles or sell to Idinvest
DeA Capital acquires stake in asset manager Quaestio
DeA Capital Alternative Funds also buys the Quaestio NPL unit, which manages the Atlante funds
Glendower closes fourth secondaries fund on $2.7bn
SOF IV is the first fund since Glendower's spin-out as an independent secondaries firm in 2017
Hollyport targets close for secondaries fund
Vehicle is targeting $750m with a hard-cap of $1bn, double the size of the GP's previous fund
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