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.

Montana sold $100m RE stake, mulled FoF sales

The $10.3bn pension also disposed of a growth equity fund stake and was considering reducing its fund of funds exposure, meeting documents show.

San Bernadino eyes stake in Kayne Anderson fund

The US public pension plan is considering a $10m secondaries purchase in Fund VII and is in discussions about an account to invest ‘across the Kayne Anderson platform’.

Hollyport acquires Terra Firma stakes

The tail-end specialist has acquired stakes in the UK buyout fund’s first independent fund, which invested in EMI Group, a music company.
Geneva

Unigestion acquires rival Akina

The global investment firm's private equity portfolio will grow by almost $3bn after the acquisition of the Swiss secondaries investor.
Handshake

Greenhill Cogent advised on 83 LP sales in 2016

While secondaries advisory volume was up year-on-year, the investment bank's capital advisory revenues were hit by Brexit and market uncertainty.

CalPERS collects nearly half a billion dollars from stake sale

The disposal comes after the US's largest public pension reduced ties with 24 managers through sales in FY2016.

Strategic Partners picks up stakes from Invesco

The stakes included a position in Bridgepoint Europe II, which has one remaining majority-owned asset.

Arcano joins Goldman in Duke Street restructuring

The secondaries investors also committed to a blind-pool fund which the UK buyout firm will use for co-investments.

Spice sells $31m portfolio

The sale by the Swiss fund of funds, which is owned by Brazilian firm GP Investments, leaves the firm with stakes in six older funds.
Cannes

Ardian: large portfolio sales will return in H1 2017

The French firm's US head was speaking at an industry conference in Cannes also attended by AlpInvest Partners, Hamilton Lane and Montana Capital Partners.
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