The $256bn Canadian pension has sold stakes before, including a large private markets portfolio to Ardian in 2016.
Five secondaries funds closed in Q3, compared with seven in the same quarter last year.
The process involved the firm's 2007-vintage buyout fund which was subject to an abandoned stapled deal in 2015.
The single-asset restructuring involves the remaining asset in the €2.2bn TDR Capital II fund and could be worth nearly $1bn.
Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.
One of the UK's oldest buyout firms is in early stage talks with investors about a process on its €4bn Charterhouse Capital Partners IX, Secondaries Investor has learned.
Connecticut
The close of Landmark Equity Partners XVI, which had a $4.75bn hard-cap, brings the firm's total committed capital to $27bn.
The London-listed PE fund sold Photobox and Knight Square for 103% of their carrying value and will now proceed to wind down the remainder of its portfolio.
The deal, advised by Duff & Phelps, involved three healthcare assets.
Partners Group Global Infrastructure 2018 is targeting €1bn and has a 60% allocation to primaries and secondaries.
si
si

Copyright PEI Media

Not for publication, email or dissemination