Morgan Stanley buys into Ferrer Freeman Fund III
The secondary sale and fund extension was approved by 100% of limited partners in FFC Partners’ Fund III.
Setter pegs H1 secondaries volume at $15bn
Toronto-based secondaries advisor Setter Capital puts secondary transaction volume at more than double the previously reported figure – and predicts that 2013 will be a record-breaking year.
Complex deals to increase
Snapping up secondaries is not as straight-forward as it was in 2011 and 2012.
NorthStar emerges as top RE secondaries player
The real estate secondaries market is getting increasingly liquid – thanks largely to the emergence of some non-traditional buyers.
Detroit pension moves forward with private equity
The bankrupt city’s $2bn General Retirement System will interview Landmark and Lexington as it searches for a manager to run a $15m allocation to private equity secondaries.
Study: Direct secondaries increasingly prominent
Growing pressure to restructure poorly-performing portfolios dating from the boom years has resulted in direct secondaries doubling their share of the market since last year, according to Triago.
Lehman collects distributions from LP stakes
The bankrupt bank continues to have an active pool of limited partner interests in private equity funds, which contributed to $1.2bn in distributions last year.
Church of England to review PE holdings
The revelation that an LP commitment to Accel Partners' 2009 fund makes the church an indirect investor in Wonga, a payday loan provider it has publicly criticised, has prompted the church to review its entire portfolio.
New Jersey reveals fund interests to be sold
The $75.64 billion pension system disclosed the names of all 25 fund interests in its massive real estate secondaries offering yesterday. It also committed $185 million to Prologis’ second open-ended core fund focused on Europe.
Denmark’s PFA buys €100m secondary portfolio
Non-traditional buyer steps in to buy a limited partner position in Nordic Real Estate Partners’ logistics fund from Swedish pension fund SPP.
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