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.
Altius predicts uptick in secondaries deals
Large-scale asset disposals coupled with an improved primary fundraising market should increase dealflow, according to advisory firm Altius.
UK & European buys Turkish RE interest
The London-based firm has boosted its exposure to European property by taking over what is believed to be Bank of America Merrill Lynch's position in the Bosphorous fund.
HarbourVest, Coller stake South African spin-out
The duo recently helped former Barclays captive Absa Capital to go independent in South Africa's largest-ever secondaries deal.
AlpInvest backs $3bn UniCredit spin-out
The newly independent SwanCap has $450m left to spend of its freshly raised $1.2bn fund.