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.

LACERA sells Jordan Co stake ahead of portfolio sale close

The stake in Resolute Fund II, which priced at par, is separate to the $1bn-plus portfolio divestment.

Northleaf backs LBO France stapled deal – exclusive

The firm has acquired stakes in the 2010-vintage buyout fund of one of France's oldest private equity houses.

PineBridge raises $880m for portfolio deal

The vehicle's close comes two months after Secondaries Investor reported the firm and Ardian were the buyers of a portfolio from American International Group.

Ardian to back Bridgepoint credit fund staple – exclusive

The investment firm will commit to Bridgepoint's latest credit fund as part of the deal, Secondaries Investor understands.

Lyceum uses stapled deal to relaunch firm – exclusive

The team behind one of the UK's best-known mid-market firms has formed Horizon Capital, backed by a group of investors including Pantheon and Idinvest Partners.

Montana SBI breaks with FoFs through portfolio sale

The pension sold a $70m portfolio made up predominately of mature funds of funds stakes as part of its plans to move away from the strategy.

Lexington backs Eurazeo off-balance sheet deal – exclusive

The French investment firm, which owns companies including restaurant chain Léon de Bruxelles, is moving around €600m of assets off its balance sheet.

ABN AMRO seeks buyers in PE unit spin-out – exclusive

The team is seeking buyers to back a portfolio of 25 Dutch companies and provide capital for a new private equity fund, Secondaries Investor has learned.
sale

When the highest price isn’t always best

LPs should consider what an offer from a secondaries buyer means for a GP's future, according to panel participants at an industry conference in London.

OTPP shops $1bn-plus portfolio – exclusive

The $256bn Canadian pension has sold stakes before, including a large private markets portfolio to Ardian in 2016.
si
si

Copyright PEI Media

Not for publication, email or dissemination