Secondaries
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
Draper Esprit buys stakes in Earlybird funds
Draper Esprit will fund the acquisitions by issuing up to ТЃ100m 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 ТЃ98m and will receive ТЃ21m 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
Hamilton Lane asset footprint hits record high
Firm plans to keep growing its existing funds across primary, co-investment and secondary strategies
NB Aurora buys stake in FII's portfolio
Stake acquired by NB Aurora is made up of minority holdings in 17 Italian companies
Turbo-charged: How leverage is powering up secondaries
The use of leverage in secondaries has soared, as funds are continually seeking new ways to boost spending power
Verdane closes debut buyout fund on SEK 3bn hard-cap
With its new fund, Verdane intends to acquire direct control positions in large Nordic companies
European LPs hungry for more co-investment, secondaries
Demand for primary deployment was also positive, with 37% of European LPs expecting to do more
Headway targets first close in early Q2
Headway registered the vehicle, Headway Investment Partners IV (HIP IV), in February 2017
Montana buys Italian private equity firm Nem
Firm is deploying capital from Secondary Program III, which held its final close in 2015
Lexington returns to market with record secondaries raise
Lexington held a final close for LCP VIII on its $10.1bn hard-cap in April 2015
Nordic to restructure fund VII, roll €2.2bn into new vehicle
Buyers Goldman Sachs and Coller Capital are offering an 11% premium to NAV to existing LPs
Inflexion, CVC funds trading above NAV, says secondaries marketplace
Inflexion's 2010-vintage buyout fund is trading at nearly a quarter above NAV, according to Palico