The unit has formed Glendower Capital, focusing on private equity secondaries from London and New York, Secondaries Investor has learned.
Sponsors of secondaries and funds of funds should be mindful of several key issues that can arise when structuring and negotiating these financing arrangements, according to law firm Dechert.
Strategic Partners, Committed Advisors and Willowridge Partners have picked up tail-end stakes in Apax's Europe funds VI and VII.
The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.
The deal by one of the world's biggest private equity managers could be in the 'multibillions', Secondaries Investor has learned.
The sovereign wealth fund, with estimated assets of $828bn, is broadening its range of deals including secondaries and direct investments.
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
LPs in the buyout firm's 2011-vintage €6.7bn ninth fund will be offered bids for their stakes in the summer, Secondaries Investor has learned.
The secondaries giant’s record deal with the Gulf sovereign wealth fund prompted admiration and wariness among its peers — not that it is paying much attention.