The two deals were worth almost $2bn combined and represent the largest secondaries transaction in the asset class this year.
The volume of fund of funds stakes traded on the secondaries market increased by 289% compared to FY2016, one of a number of big increases.
The tail-end specialist invested in a European mid-market fund and a Polish vehicle through its £187m Secondary Opportunities V vehicle.
The acquisition of Arle Capital Partners by a distressed legacy specialist is the latest in an almost decade-old attempt to salvage the UK investor’s legacy portfolio, sister publication PEI reports.
The Israel-based VC secondaries specialist has held the final close on its fourth dedicated fund.
The €325m, 2008-vintage Halder-GMIV Germany II contains seven small- and mid-market assets.
The stakes were offloaded by Norinchukin Bank, a Japanese co-operative.
Elly Livingstone, who has been at the firm for 13 years, will relinquish his role to the London- and New York-based partners.
The 80% invested fund has closed 26 secondaries deals.
The OCC’s investigation could be the first step in dismantling the regulation that restricts a bank’s ability to invest in private equity.
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