Staff Writer

As Citi hands over the management for $4bn of its private equity funds to investment advisor StepStone Group, Citi Infrastructure Investors, the investment bank’s captive infra investment arm, will remain on the firm’s books.

Secondaries specialist Coller Capital has acquired a majority stake in a portfolio of 40 Bank of Scotland Integrated Finance assets from owner Lloyds Banking Group.

The Swiss fund of funds manager has raised $1.2bn for its latest secondaries fund.

San Francisco-based secondaries specialist Liquid Realty Partners has hired former Morgan Stanley dealmaker Mark Degner as managing director of acquisitions, to replace former CIO Jeff Giller.

Fresh from a €517m fund close, Partners Group sees ‘highly attractive' opportunities for direct investments, such as its recent injection £20m in dental chain Oasis.

The £28bn UK pension scheme has bought an “early secondary” in Neuberger Berman Secondary Opportunities Fund II as the pension seeks to expand its co-investment activity.

For the first time, investors in private equity real estate are turning to the secondaries market, according to Joseph Stecher, CIO of the bank's real estate fund of funds.

The Chinese sovereign wealth fund is reportedly investing $500m each in custom accounts with secondaries players Lexington Partners, Goldman Sachs and Pantheon Ventures.

The global private equity investor has changed hands for the second time in six years.

The private equity investor, which is currently raising its fourth secondaries fund, sees its Asian secondaries activity doubling in the future.