Deals

Hamilton Lane, Pomona and Northwestern Mutual all purchased parts of the interests in CCP VII and CCP VIII.

The listed fund of funds also invested $6m in HarbourVest’s international fund of funds HIPEP VII.

The bank is coming to market with a large portfolio of private equity fund stakes, according to sources familiar with the matter.

The New York-based asset management firm, one of the most active players in real estate secondaries, has acquired a majority stake in the Cleveland-based real asset adviser primarily from Chicago-based private equity group GTCR for $380 million.

Some of the largest secondaries firms have snapped up stakes in tail-end funds managed by Cinven, which was one of the most popular European LBO managers in the second half of 2015.

The private equity unit of Deutsche Bank has invested in about eight deals so far from its $1.7bn secondaries fund.

Speaking at a private equity conference in London, Adams Street Partners' Pinal Nicum said there were three elements to executing a successful restructurings deal.

The Blackstone secondaries unit and Willowridge have both picked up stakes in Doughty Hanson's tail-end single-asset third fund.

The London-based secondaries firm has picked up four stakes in two Carlyle European buyout funds, according to regulatory filings.

As restructurings and stapled deals become more mainstream, very large funds and Asian funds will provide more deal flow for such transactions, according to speakers at the British Private Equity and Venture Capital Association Summit 2015 in London on Thursday.