Rod James and Adam Le
Secondaries investors bought a portfolio of European tech assets off Eurazeo's balance sheet, the latest in a series of strip sales by the manager.
The four-person team, led by Dan Nolan, has moved to a Swiss outfit and is understood to be working with a US endowment on a portfolio sale.
The team, led by managing director Dan Nolan, joined from interdealer broker Tullett Prebon in 2018.
When net asset values drop and LPs who rolled their interests into their GP’s vehicle start to think they should have sold their interests instead, there could be legal implications.
Buyers and sellers' expectations need to stay within touching distance of each other for a successful market.
Three legal professionals including head of PE in London, Ed Harris, will join as partners, Secondaries Investor has learned.
Allied Universal, the largest security force in North America, was valued at $7bn and could be moved into a separate vehicle backed by secondaries capital.
The buyout firm has been in discussions with providers over a £500m finance facility for its 2013-vintage HgCapital 7 fund, Secondaries Investor has learned.
The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.
More than $70bn traded on the secondaries market last year, according to data from several advisory firms.
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