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 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.
Industry Ventures invests 25% of 7th secondaries fund
About 15% of the $425m fund had been deployed as of August.
Car manufacturer Daimler sells infra stake
German auto manufacturer Daimler, whose brands include Mercedes-Benz, has divested its stake in Macquarie European Infrastructure Fund II.
Neuberger deploys 50% of third secondaries fund – exclusive
NB Secondary Opportunities III closed on its $2bn hard-cap in November 2013.
Schroder sells stake in Tosca RE fund
Schroder has sold its stake in Tosca Prime Residential Fund, which invests in central London properties.
Pantheon exits IK funds, two years after buying in via secondaries
Together IK 2004 and IK 2007 have 13 remaining investments, including healthcare company Attendo and physical fitness company Actic.
UniCredit sells Apax fund stake to SwanCap
Italian banking group Unicredit has sold its stake in Apax Europe VII to its asset management spin-out SwanCap.
RCP eyes smaller LP positions
Chicago-based RCP is investing its sophomore secondaries fund, which closed on $425m last year.