Adam Le
Deal volume may be falling for the second year in a row, but innovative transactions and a hostile takeover bid keep private equity secondaries in the headlines.
The mezzanine powerhouse is nearing the $1bn target for its restructurings-focused vehicle, Secondaries Investor has learned.
BlackRock hasn't done much buying in the last two years, but that may not be a problem for the world's largest asset manager.
The Blackstone unit raised the hard-cap on its latest fund and is expected to hold the final close by the end of January, Secondaries Investor has learned.
The investment firm is hoping to raise as much as €500m for the vehicle, two years after it closed a Europe-focused secondaries fund.
Jonathan Sibilia was appointed to the position at the venture capital investment firm in early December.
It is understood the vehicle, which launched in February, will make secondaries investments.
The private equity firm beat the target for Adveq Europe VI, which will invest in primary, secondaries and co-investments.
The Whitehorse Liquidity Partners managing partner and former head of secondaries and co-investments at Canada Pension Plan Investment Board gives us his predictions for how the secondaries market looks in 2017.
The troubled pension was expected to approve the sale, which includes private equity and real assets stakes, on Thursday.