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Verdane makes ninth investment from latest fund

The Nordic direct secondaries specialist has invested 40% of its 2016-vintage fund, Secondaries Investor has learned.

Salary cuts bite European private capital execs

Some 15% of private capital executives saw a decrease in their year-on-year base salary in 2017, significantly higher than the 1% who reported a similar change last year.

HarbourVest to back Innova restructuring – exclusive

The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle, Secondaries Investor has learned.

RCP Advisors holds first close on Fund III

RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.

Wisconsin buys $231m RE portfolio

The $104bn US pension has acquired interests in eight funds, having previously been an active seller on the secondaries market.

Lexington: newer vintages are the next opportunity

The transition away from tail-ends and GP-led restructurings is already happening, said Pal Ristvedt at BVCA's annual conference.

ILPA: secondaries returns picked up in Q1

Secondaries have under-performed the All Funds index across all timeframes under review, according to the LP association.

Apax pulls GP-led deal – exclusive

The buyout firm is no longer proceeding with its proposal to move assets from Apax Europe VII into a continuation vehicle, Secondaries Investor has learned.

Canada’s Cygnus launches secondaries fund

The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.

Kirkland promotes two secondaries lawyers

Law firm Kirkland & Ellis has elevated Jaclyn L. Rabin and Paul Mysliwiec to the position of partner as part of a raft of promotions.