UPS: RE prices exceeded expectations
The UPS Group Trust didn’t buy any real estate assets on the secondaries market during the second half of 2014 because of high prices.
Willowridge buys into 2001-vintage Cinven fund
The firm deployed its latest fund, Amberbrook VI, which closed on $400 million in 2012.
NewQuest deploys roughly $200m in 2014
Hong Kong-based NewQuest Partners is seeing a more robust pipeline build up in Asia’s direct secondaries market, particularly in 2004- to 2007-vintage funds.
CPPIB commits $330m to separate account with Northleaf
The separate account will opportunistically invest in Canadian secondaries funds.
Centre Lane restructures 5 Perseus funds – exclusive
The deal, orchestrated by Cogent, will let Perseus finally wind down operations.
Strategic Partners deploys $2bn in 2014
The bulk of the capital was deployed during the fourth quarter, according to Blackstone’s earnings statement.
Kensington: ‘selective’ toward secondaries
Toronto-based Kensington Capital Partners hasn’t invested in secondaries since 2010, when it purchased two stakes in Trivest Fund IV, explained managing director Suganya Tharmalingam.
Cogent: mega secondaries deals dominated in 2014
Secondaries deal volume grew to $42bn in 2014 and was partly driven by transactions of $1bn or more.
Hollyport deploys 60% of Fund IV, nears Fund V launch – exclusive
Hollyport has deployed its fourth secondaries fund in 14 transactions and could launch its fifth fund in the second or third quarter.
Portfolio Advisors buys into GMT Fund III via auction
The transaction comes months after Lexington Partners and Newbury Partners led the restructuring of GMT's $365m Fund II.
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