Chris Witkowsky
The pension giant is understood to be selling a portfolio containing high-quality stakes.
The deal is one of only a few that have proceeded through the pandemic downturn, which otherwise has stopped most secondaries deal activity.
The line between co-investing and secondaries has become increasingly blurred as buyers show more appetite for single-asset deals.
Christiaan van der Kam, partner in secondaries, will be leaving Unigestion by mid-August.
Preferred equity has become one of the options for GPs who need additional capital for existing portfolio companies.
Israel's Qumra Capital sold the assets out of its $100m debut fund, which the firm raised in 2013.
The deal is understood to have included stakes in funds managed by CVC Capital Partners, Blackstone and Apollo Global Management.
The virus outbreak, which has hammered the broader economy for several weeks as business activity slows, is causing sellers to delay bringing secondary deals to market.
A potential sale out of a relatively young fund has raised eyebrows in the market that is dominated by Dyal, Goldman Sachs and Blackstone.
The vehicle's largest company is in limbo until the first quarter, when the FCC will set new reimbursement rates that will allow potential buyers to price it.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: