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.

Deutsche buys in GMT GP-led deal

The bank’s private equity unit has joined a group of buyers to provide liquidity to LPs in the buyout firm’s 2006-vintage fund.

Pomona adds debt, buyout stakes in H2 2016

Pomona Investment Fund's acquisitions included a stake in an Audax Group mezzanine fund which became the vehicle’s largest single fund exposure.

HarbourVest seeks buyers for Conversus portfolio – exclusive

The global investment manager is not using an intermediary to shop the bundle of stakes it acquired in a 2012 take-private deal.

Secondaries double Altegris KKR’s PE exposure

The vehicle has increased its exposure to eight funds in total and has also broadened its strategy to target non-KKR-managed funds.

Proprietary dealflow is ‘overrated’

Uncompeted deal processes, which LPs ‘love to focus on’, do not lead to better returns, Carlyle Group and Pantheon dealmakers say.
Students

Harvard shops $1.5bn RE portfolio – exclusive

The manager of the US's biggest university endowment has returned to market with a diversified portfolio of stakes, Secondaries Investor has learned.

Ardian invests $2.5bn in Mubadala deal

The investment firm has made what is understood to be the largest stapled private equity secondaries deal.

Adveq to be bought by Schroders

The Swiss private equity firm will be renamed Schroder Adveq.

CPG Carlyle acquires $28m SVP stake

Secondaries stakes accounted for almost half of total assets of the vehicle, which invests mainly in funds managed by The Carlyle Group.

Dallas Police & Fire sells more stakes

The troubled pension has generated $245m in cash inflows so far from a series of secondaries sales that began in December.
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