Deals

The New Jersey Division of Investments has sold stakes in GTCR, TPG and Madison Dearborn V-A, which sold at a discount.

The San Francisco-based firm has purchased a $25 million commitment to Buchanan Street Partners' fifth fund, the $400 million Buchanan Fund V, in its first secondary acquisition since the start of the global financial crisis.

The Japanese conglomerate is selling a portfolio of buyout stakes to AXA Private Equity.

The $65bn pension system earlier this year completed a secondary sale run by Cogent Partners of fund stakes in TPG Capital, Apollo Global Management and Warburg Pincus.

The global secondaries firm acquired an interest in 20 Cognis Capital portfolio companies in the deal, which allows existing stakeholders to sell their stakes or rollover into the new fund.

Committed Advisors, founded by former AXA PE executives Daniel Benin and Barthelemy de Beaupuy, has already closed on eight transactions.

AXA Private Equity continues to capitalise on regulations which make private equity assets less attractive to banks, sealing its fourth secondaries deal to take the value of its recent portfolio acquisitions to $5.1bn.

The New York-based private equity real estate secondaries firm has entered into its first student housing deal with the 80% equity interest purchase of two assets for $30m.

The $10.5bn pension worked with UBS to sell a portion of its private equity portfolio. The pension board last week approved more than $100m in commitments, including to Cinven's fifth fund.

German secondaries firm Paragon Partners has sold the remaining three companies from its 2006 fund as it works to raise a new fund.