The $1.9trn investor wants to mitigate the J-curve effect in the first three years of its private equity programme.
The French spinout is planning to launch a fund of funds vehicle with secondaries and co-investment pockets by the end of the year.
The Finnish investment firm has acquired a bundle of buyout stakes in a €138m deal from the French asset manager, Secondaries Investor has learned.
A 'flood of capital' in secondaries has pushed up valuations for flow names, according to the investment firm's Asia-Pacific private equity co-head.
Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.
The firm raised the same amount for its predecessor vehicle that acquires stakes in North American lower- and mid-market funds.
The Texas pension has committed $20m to the secondaries firm's latest private equity vehicle.
The London-based lawyer's practice includes the formation of secondaries funds, portfolio acquisitions and synthetic secondaries.
The deal involves stakes in the Swedish firm's 2011-vintage buyout fund and a commitment to its latest Asia-focused vehicle.
The US regulator is getting to grips with potential conflicts of interest in plain vanilla deals.
si
si

Copyright PEI Media

Not for publication, email or dissemination