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.

USS buys $135m Neuberger interest

The £28bn UK pension scheme has bought an “early secondary” in Neuberger Berman Secondary Opportunities Fund II as the pension seeks to expand its co-investment activity.

AXA buys $1.9bn BofA portfolio

The Paris-based firm, also in exclusive talks for some of Natixis' French private equity operations, has closed 'one of the largest secondary private equity transactions in history' with the purchase of a portfolio of mature fund interests.

3i mulls secondary play with £500m HBoS deal

The listed firm is expected to again team with Coller Capital to spin out a portfolio, but the potential transaction would see 3i become the manager of the assets in play rather than the seller.

Cipio scores 20x return from €60m TA deal

The direct secondaries firm in 2004 acquired a large stake in email marketer eCircle - now owned by TA Associates - as part of a portfolio purchased from Deutsche Telekom.

AMG buys Pantheon in $775m MBO

The global private equity investor has changed hands for the second time in six years.

Neuberger Berman buys $200m of secondaries stakes

The secondaries market will become much more active in 2010 ‘as continued portfolio net outflows force investors to intensify their search for liquidity'.

Oregon considers $100m secondaries programme with PCG

PCG Asset Management would run the programme, which would target original commitments of between $5m and $20m.

Stanford comes to market

But will buyers be able to meet its price expectations?

Stanford CEO: $1bn in ‘partial interests’ for sale

The university endowment wants to boost liquidity by selling portions of its private equity fund interests, CEO John Powers told PEO.

Shackleton offloads former 3i venture stake

The direct VC secondaries firm has exited mobile payment business Macalla a year after making the investment.
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