Metropolitan buys RE stake in Moorfield Fund II
The deal comes only months after Lone Star acquired a large real estate portfolio from Moorfield for £1 bn.
Highest secondaries bids cap at 102% NAV
The highest prices for LP interests ranged from 100 percent to 102 percent net asset value during the first quarter, according to NYPPEX.
Triago: LP interests trade at 96% to NAV in Q1
In 2014 the average price of LP interests traded on the secondaries market was 94 percent of net asset value.
AXON: 1,270 transactions closed in 2014
The average secondaries transaction size was $40m last year, according to a survey conducted by Zug, Switzerland-based AXON Partners.
Pantheon’s listed FoF invests £11.5m in two secondaries deals
The London-listed fund of funds has invested in 11 secondaries transactions in the nine months up to 31 March.
PSERS considers private markets portfolio sale
The Pennsylvania Public School Employees’ Retirement System will sell the interests for at least 80 percent of their 30 September net asset value.
JPEL invests $108m in eight secondaries deals
The listed private equity arm of JPMorgan focuses on investing in medium-sized businesses in the US and Europe through the secondaries market.
Auda increases stake in Amadeus II
Amadeus II is a 2000-vintage fund which still owns home screen marketing company Celltick and imaging equipment company Teraview.
NYPPEX: volume of LP interest trades declines in Q1 – exclusive
The volume of LP interests trading on the secondaries market declined in the first quarter of 2015 from the fourth quarter of 2014.
Strategic Partners picks up Cinven, CBPE stakes
The Third Cinven Fund invested in Europe-based companies including UK-based Fitness First and Benelux-based DIY retailer Maxeda.
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