ADIA eyes fund restructurings
The $627bn sovereign wealth fund is ramping up its secondaries capabilities, and said to be on the hunt for good fund restructuring opportunities.
GMT nears fund restructuring deal
Four months of talks between GMT and its LPs to restructure GMT's Fund II are nearing a resolution, as GMT looks to get back on the fundraising trail to raise €400m for Fund IV.
CVCI fund sale will exceed $2bn
The complex sale of CVCI fund interests by TRG includes Citigroup balance sheet, employee and client money that push it in excess of $2bn.
Lexington backs Rosetta’s direct pharma deal
The life sciences-focused direct secondaries firm has purchased 20 assets thought to be worth $5-10m each with the backing of Lexington Partners.
Ardian bypasses GP approvals in $1bn GE deal
A unique structure is said to have allowed Ardian to bypass the time-consuming GP approval process for all 350 interests.
Strat Partners buys Ares real estate stake
The Blackstone-owned secondaries firm has snapped up BAML’s stake in Ares European Real Estate Fund III.
First quarter transaction volume could hit $10bn
Committed Advisors’ managing partner Daniel Benin is one of the first to put a figure on what's expected to be a strong first quarter.
Committed Advisors nears final close on Fund II
The AXA spin-out is closing in on its €400m target.
HSBC plots $1.5bn investment arm spin-out
Europe’s biggest bank has hired Campbell Lutyens to advise on the potential sale of its principal direct investments arm. The mid-market group is expected to be valued at circa $1.5bn.
JW Childs restructuring deal imminent
Market sources expect an agreement in coming weeks that would allow LPs in the firm’s 2002-vintage Fund III to gain liquidity.
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