Los Angeles County Employees launches fee review
LACERA is seeking to verify that costs associated with its private equity investments are aligned with its limited partnership agreements.
The different flavours of leverage
To maintain the best returns possible, and be able to complete some of the larger transactions taking place today, secondaries firms have been increasingly using leverage.
Adams Street, SL Capital, StepStone invest in Core Capital restructuring
At least seven private equity firms have backed Core's latest fund, with some of the fresh capital raised being used to buy out stakes from its previous fund.
CPG Carlyle acquires stake in a Carlyle co-investment fund
The Central Park Group-managed fund focused on acquiring stakes in Carlyle vehicles has also increased its interest in Carlyle Partners V.
University of California drastically cuts PE relationships
The endowment has sold about 100 private equity fund stakes totaling roughly $1.7bn in the past 30 months.
Nordic direct secondaries heating up
Despite some limitations and high valuations, the region is an attractive place to invest in direct secondaries.
High deal volume matches strong competition, Coller says
Jeremy Coller also expects transaction volume to be increasingly fuelled by more complex transactions such as GP-led restructurings, according to comments in a UK filing.
HIG Capital buys Portuguese real estate portfolios
The Miami-based firm is adding to its European real estate assets in a direct secondaries deal involving Portuguese real estate and secured loan assets.
NYPPEX is bearish on emerging market funds
Laurence Allen, chief executive of NYPPEX, recommended that its clients sell interests in PE funds exposed to countries such as Brazil.
Strategic Partners buys into Macquarie infra fund
Stakes in Macquarie's second European infrastructure fund have changed hands at least twice this year amid competitive pricing for infrastructure secondaries.
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