Evercore: deal volume hit $47bn in 2014
Direct secondaries, GP-led transactions and other restructurings accounted for 19 percent of total volume.
VC bank MicroVentures sees 15% discounts
The Austin-based venture capital investment bank focuses about 40 percent of its investments on secondaries.
SLEPET buys into Advent, Cinven
The listed fund of funds from SL Capital Partners increased its position in Advent Global Private Equity VI and The Fourth Cinven Fund.
CPPIB paid 2.5% premium for Apax stake
Apax Europe VII recently exited Swiss mobile operator Orange Communications for $3bn.
Lone Star buys Moorfield RE portfolio for £1bn
Investments in the portfolio include hotel property chains Mercure and MGalleries and a Winchester, England student accommodation.
Graphite builds up position in BC Europe IX – updated
The Graphite Enterprise Trust has purchased a stake in the fund from New York-based Columbia University.
Vision realises two European investments
The direct secondaries firm has sold personal care products maker Pantex and hydraulic hose company Pirtek.
Partners pays €233m in Italian RE secondaries deal
The firm has bought two offices in the center of Milan from Unicredito Immobiliare Uno via a secondary transaction it dubbed as a “win-win” for both the seller and buyer.
Strat Partners, GSAM complete $350m recap of TCW/Crescent funds – exclusive
A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.
Greenhill acquires Cogent for $97m – updated
The Cogent team is expected to benefit from Greenhill’s relationships with institutional investors, particularly in the real estate sector.