Deals

Find out who’s buying, who’s selling and what is being sold. Get detailed information on the structures involved in secondaries deals, including LP portfolio sales, GP-led processes, spin-outs, restructurings and stapled deals.

NMSIC sells Silver Creek Ventures II stake for $1.9m

Silver Creek’s parent company Spyder Management purchased the stake as part of a legal settlement with the New Mexico State Investment Council.

Landmark buys stakes in Europa funds

Simsbury, Connecticut-based Landmark Partners recently acquired limited partnership interests in two of Europa Capital’s funds.

Strat Partners buys into Carlyle Asia fund

Carlyle Asia Partners III raised $2.5bn and currently owns Chinese consumer appliance manufacturer Haier Electronics.

Verdane exits reservoir monitoring business

Verdane initially acquired reservoir data and analysis company RESMAN in a direct secondaries deal in 2006.
Sunaina Sinha

Cebile: European restructurings lag US

Cebile Capital hasn’t led any fund restructurings or recapitalisations yet, but is in conversations with some GPs, said managing partner Sunaina Sinha.

Partners Group deploys $2.9bn in secondaries

The Swiss-listed firm screened more than $107bn of secondaries deals in 2014.

Florida sells $350m legacy PE portfolio to GSAM

The Tallahassee-based pension has sold a $350m legacy private equity portfolio to Goldman Sachs Asset Management.

Asia-Pacific secondaries best found in China and India

A recent report from Houlihan Lokey and Mergermarket revealed the greatest opportunities for Asian secondaries buyers are in China and India.

HarbourVest invests 66% of Dover Street VIII

Dover Street VIII has acquired interests in Apollo Investment Fund VII, Carlyle Partners V and KKR 2006 Fund, among others.

UBS counts $49bn in dry powder

Current secondaries market dry powder grew from $45bn to $49bn last year, according to UBS.
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