Fund of firms: Who owns what?
With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, here's a look at which firms have been on the acquisition trail.
Crestview seeks staple in multibillion secondaries deal – exclusive
The firm, founded by two former senior Goldman Sachs executives, is running a tender offer involving around $4.6bn of net asset value.
Eurazeo used strip sale to seed flagship fund – exclusive
Lexington Partners, Adams Street and StepStone were part of a consortium that acquired five assets off Eurazeo's balance sheet which were used to seed the €700m Eurazeo Capital IV buyout fund.
Idinvest backs two Three Hills GP-leds – exclusive
The €192m deal follows Three Hills' acquisition of half of Hutton Collins' debut fund, including burger chain Byron, via a secondaries deal in 2018.
Greenhill: 2019 volumes on course to exceed $90bn
Secondaries market volume hit $42bn in the first half, a 56% year-on-year increase, including nine deals worth more than $1bn.
AlpInvest backs $1.7bn Manulife deal – exclusive
Canada's largest insurer has sold a portfolio of 50 US mid-market funds into a vehicle backed by the Carlyle subsidiary and managed by its own PE investment team.
CPPIB to back TPG Growth tender offer – exclusive
The Canadian pension giant is in poll position on a deal that will offer liquidity to LPs in the firm's 2011-vintage $2bn Growth II fund.
Allen & Overy appoints secondaries partner
Based in Paris, Antoine Sarailler will focus on fund formation across private equity, infrastructure, credit and real estate, as well as primary and secondaries transactions.
Glendower buys Liberty stake via single-asset deal
The secondaries buyer becomes a minority shareholder in the high-end UK department store alongside principals from former owner Bluegem Capital.
Partners Group targets newer vintages and complex portfolios
Co-chief executive David Layton says he is 'pleased' that most pre-crisis dealflow has worked its way through the system.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: subscriptions@peimedia.com.