Mizuho sells 3i, Cinven stakes to Lexington
The 3i Eurofund V and Carlyle European Partners III are included in the estimated $1bn portfolio Mizuho has sold to Lexington.
NB, Pantheon sell Doughty stakes
HarbourVest Partners paid €150m for limited partner stakes in Doughty Hanson Funds IV and V.
Finnish insurers transfer PE stakes
Suomi Mutual Life Assurance is reducing its operations and has transferred at least eight partial European private equity fund stakes to Mandatum Life Insurance.
NYPPEX: 2014 deal volume hit $52bn
LP stake sales represented more than two-thirds of secondaries deal volume last year, according to NYPPEX. The advisory firm led by Laurence Allen predicts 2015 deal volume will climb to $65bn.
CPPIB grows position in Apax Europe VII
CPPIB has purchased another stake in Apax Europe VII, which invested in garden centre operator Plantasjen.
Kirkland & Ellis leads in secondaries deal volume
Kirkland & Ellis advised on 50 secondaries deals in 2014, worth $7.5bn.
Hollyport buys portfolio of PE stakes from Fondinvest
Hollyport has purchased a portfolio of private equity fund stakes, including Equistone Partners Europe Fund I.
Goldman, Deutsche buy PE stakes from PSERS – updated
The Pennsylvania Public School Employees’ Retirement System has sold 20 private equity fund stakes valued at roughly $2bn.
Verdane exits clinical trials company – updated
Verdane initially invested in CRF Health by buying 100 percent of Nordic Venture Partners I in 2013.
HarbourVest leads restructuring of Doughty Hanson IV, V – exclusive
The firm paid €150m for limited partner interests in Funds IV and V, and committed roughly €65m to Doughty Hanson’s latest fund in market.
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