The Finnish investment firm has acquired a bundle of buyout stakes in a €138m deal from the French asset manager, Secondaries Investor has learned.
A 'flood of capital' in secondaries has pushed up valuations for flow names, according to the investment firm's Asia-Pacific private equity co-head.
Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.
The deal involves stakes in the Swedish firm's 2011-vintage buyout fund and a commitment to its latest Asia-focused vehicle.
The US regulator is getting to grips with potential conflicts of interest in plain vanilla deals.
The firm believes many new entrants into private equity markets will waver in their commitment to the asset class amid a public market correction.
In secondaries, timing can mean the difference between a successful deal and a failed one. We spoke to market sources and discussed elements participants in a secondaries transaction should be aware of.
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Stakes in Clayton, Dubilier & Rice's 2008-vintage fund traded at a 15% premium to NAV, according to data compiled by Palico.
The tail-end specialist expects to have raised more than $400m by the end of the quarter for its sixth fund, Secondaries Investor has learned.