Deals

The French mezzanine debt firm increases its exposure to corporate debt through two Nordic stake purchases.

Azini Capital has completed four investments out of that fund, including its most recent one in end user computing risk management company ClusterSeven.

The acquisition by the Paris-based investment bank will allow Secondcap to expand internationally.

The closed-end fund targets high net worth investors and invests predominantly in funds sponsored by The Carlyle Group.

The fund, which targets high net worth individuals, bought stakes in Carlyle Asia Growth Partners III and Carlyle/Riverstone Global Energy and Power Fund II on the secondaries market. It also expanded its exposure to other funds, including Carlyle Partners V, which owns Axalta Coating Systems.

The California Public Employees’ Retirement System plans to cut its relationships with external private equity managers from 100 to 30, according to Ted Eliopoulos, chief investment officer of the $300bn pension fund.

LPs have a more positive view of private equity in the Asia-Pacific region and plan to be active buyers and sellers in the secondaries market within the next two years, according to a new report by Coller Capital.

The retirement system for the Big Apple is looking to use the secondaries market as a portfolio management tool.

With the transactions, ILIM, an investor in Irish real estate, will expand its exposure to European property investments.

The fund of funds invested in Nordic Capital Fund VII, Permira Europe III and Permira IV.