Ironbridge progresses with $1.5bn restructuring
HarbourVest Partners has stepped in to rescue the two-year restructuring process of the Australian private equity firm's funds, giving investors the option of joining a new vehicle.
Corporate Partners to restructure second fund
The former private equity arm of investment bank Lazard is seeking a recap of its $1.1bn 2005-vintage Fund II, according to sources.
Lex close to carving out One Equity Partners
The stapled secondaries deal would see Lexington Partners carve out JP Morgan Chase’s private investments arm at a large premium to NAV.
Fenway Partners to restructure two funds
The New York-based private equity firm has hired Moelis & Co to help recap funds raised in 1998 and 2006, with any restructure potentially including a carry reset on Fund III.
Diamond Castle restructure points to new fund
The firm aims to raise investment for a new Fund V while giving LPs such as Harbourvest and OPERS the option to exit Fund IV from 2006, sources say.
Ardian lands another billion dollar fund portfolio
Hard on the heels of the firm’s recent $9bn fund close comes the purchase of a $1.3bn portfolio from GE.
National Bank of Greece seeks buyer for PE spin-out
London-based NBGI Private Equity is the latest bank spin-out expected to produce a structured secondaries deal.
JPEL plans $150m secondaries spend
JPMorgan's listed FoF plans to spend $150m on secondaries interests and directs.
UBS: secondaries buyers lowered return targets
Several factors including higher pricing lowered buyers’ targeted returns, according to a survey of market participants by the Swiss investment bank.
Temasek’s Astrea II nearly $1bn in size
Secondaries Investor reveals more details about the Ardian-managed fund comprising 36 LP stakes.