First Reserve restructuring fails in ‘unfortunate perfect storm’
Intermediate Capital Group and Pantheon withdrew from the process to restructure the energy-focused firm's 2006-vintage $7.8bn fund last week.
Montana sells $30m in younger fund stakes
The $16bn state investor sold stakes in Summit Partners and TA Associates funds and has said it is considering future sales.
CalPERS sold $2bn in FY2016
The US' largest public pension disposed of 46 fund interests with 24 managers and made $450m in proceeds during the period, according to a consultant's report.
Hao Capital explores restructuring options for Fund II – exclusive
The China-focused private equity firm hired Lazard at the beginning of the year to help it restructure its $400m fund, Secondaries Investor has learned.
StepStone picks up 3i infra stakes
StepStone tapped its latest secondaries fund to acquire George Kaiser Family Foundation's entire stake in the six-asset vehicle.
JZ doubles money on online bank
The sale of Fidor comes after the firm offloaded six European assets earlier in the year in a direct secondaries transaction worth €96m.
Olympus GP-led deal fell down over pricing – exclusive
Firms including HarbourVest Partners and Pantheon were looking at the deal which involved the firm's 2007-vintage $750m fund, Secondaries Investor has learned.
Ethos will use IPO proceeds for secondaries deal
The firm hopes to acquire around a 10% stake in its 2011-vintage fund from LPs wanting to sell interests for cyclical portfolio management reasons.
RBS offloads tail-end stake to LGT
With the implementation of the Volcker Rule just 12 months away, banks are increasingly under pressure to reduce their private equity holdings.
Partners invests in Madison Marquette RE restructuring
The remaining assets in the real estate manager's 2006-vintage fund were moved into a new vehicle with Madison investing 20% of the new fund.
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