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.

Lexington buys Carlyle, PAI stakes from Mizuho

Lexington purchased stakes in Carlyle Asia Partners III and PAI Europe V from Mizuho Financial Group.

Ardian invests in 10 secondaries deals in 2014

Ardian invested $10.8bn in 10 private equity secondaries deals and co-investments in 2014.

Landmark buys into AIG Euro RE fund

AIG European RE Partners II raised $275m and invested in European hospitality, retail and office buildings, such as Hamburg-based Stadtpark Quartier.

Abbott ramps up investment pace – updated

Abbott Capital plans to invest between $50m and $100m in secondaries each year, according to director Martha Cassidy.

Neuberger sees little attraction in staples

Neuberger Berman has completed some stapled transactions but most of today’s opportunities come from low-quality GPs, said head of NB Alternatives Anthony Tutrone.

Pantheon hands off Cinven stakes

The Fourth Cinven Fund raised €6.58bn in 2006 and exited allergy testing company Phadia for $3.52bn in 2011.

Portfolio Advisors buys pair of tail-end PE stakes

Portfolio Advisors has bought into Milestone Capital's EAC Fund III, which generated a 2.2x return on its investment in textile care services company 5àSec.

Chevron builds up stake in SL property fund – updated

Chevron has built its position in Standard Life European Property Growth Fund, having purchased stakes from Hanwha Life Insurance and Cambridgeshire County Council.
Swiss

Swiss pension increases stake in Partners EM fund – updated

Zurich-based pension fund Nest Sammelstiftung initially committed $4.3m to Partners Group Emerging Markets 2011.

Verdane generates 3.5x on elderly care company

Verdane acquired in-home elderly care company Caretech from closed-doors firm Småföretags Invest in 2006.
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