Auda acquires three Thomas Weisel funds, hires Munafo – update
The secondaries executive joins Auda to manage three funds the firm has purchased from Thomas Weisel, according to a statement.
Lexington and Hamilton Lane buy Bridgepoint stakes from CPPIB – update
Bridgepoint, the PE firm whose holdings include sandwich chain Pret a Manger, offered to buy back stakes in prior funds when it couldn't allocate CPPIB a large position in Fund V.
Irving Place Capital restructures Fund III
The New York firm has restructured its third fund into a $1.5bn vehicle, offering the same terms to LPs that rolled over their interests. Recent acquisitions include children's entertainment company Bendon.
NorthStar invested $353m in real estate secondaries in Q2
One of the biggest players in the real estate secondaries market continues to buy stakes.
Harvard has sold half its real estate offering – exclusive
NorthStar Realty Finance was one of the buyers in transactions that totalled about $500m out of the $1bn offering.
HarbourVest holds majority stake in Portobello’s new €400m fund
Madrid-based Portobello Capital considered selling remaining companies, including The Ice Cream Factory, but opted for a fund restructuring with HarbourVest to add value to the portfolio.
Florida sells fund interests to Lexington Capital
The State Board of Administration of Florida is a frequent seller in the secondaries market.
Neuberger Berman buys stake in Star Capital fund
The private equity arm of Neuberger Berman has bought a stake in a $581m buyout vehicle, according to a UK regulatory filing.
GIC gears up for large real estate deal – exclusive
The sovereign wealth fund has hired Cogent to advise on the transaction, which could total about $1bn.
Pomona Capital buys £55m stake in Mithras FoF
The seller of the fund interest, Legal & General Assurance Society, is winding down its commitments to private equity.
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