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Fund finance focus: don’t neglect the positives

The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.

Fly me to the moon

The latest record fundraising figures across alternative asset classes show CIOs continue to see private investments, and not just private equity, as the most compelling in the long term.

Goldman expects ‘recalibration’ on Volcker rule

The bank already has a five-year extension to comply with the regulation which would push it to divest private fund stakes worth $6bn.

Western Europe fund stakes price highest in Q2

The region priced highest among all fund types apart from venture capital and infrastructure, according to data from Setter Capital.

Two Apax funds attract tail-end interest

Strategic Partners, Committed Advisors and Willowridge Partners have picked up tail-end stakes in Apax's Europe funds VI and VII.

Whitehorse debut fund 50% invested

The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.

Warburg Pincus taps Lazard to explore secondaries process – exclusive

The deal by one of the world's biggest private equity managers could be in the 'multibillions', Secondaries Investor has learned.

PSP Investments CIO departs

Daniel Garant left the Canadian pension plan, which is planning to launch an in-house secondaries team, to pursue other career aspirations.

APG snaps up entire DIF II infra portfolio

The €700m deal involves 48 European and UK assets in a GP-led process run by Campbell Lutyens.

Mantra returns with second fund – exclusive

The niche investment firm's MSO II fund will target a net return multiple of 2x and IRR of 25%, Secondaries Investor has learned.