The debut fund of ex-CPPIB secondaries head Yann Robard has received a $100m anchor commitment from Alaska’s sovereign wealth fund.
The European secondaries investor picked up stakes in two European Capital debt funds from the firm’s previous owner, American Capital, as part of the acquisition announced last week.
The European secondaries investor has acquired a 20-strong team and management of private debt funds with assets of €700m.
The firm intends to use at least $140m in proceeds from the IPO to repay a term loan, expenses incurred through the listing and for general corporate purposes.
The firm has increased the target for Adams Street Global Secondary Fund 6 by 60% compared with its predecessor, Secondaries Investor has learned.
The turnaround investor joins a list of wealthy business people in Trump’s cabinet who must now divest millions in private markets holdings to avoid potential conflicts of interest.
The Paul Capital spinout is back in market with its sophomore dedicated secondaries fund, Secondaries Investor has learned.
Low pricing deterred a sale of certain 'illiquid' assets held in a portfolio the US pension began managing in January.
Fresh faces mixed with return winners across all four secondaries categories in PEI's annual industry contest.
Fewer buyers sought IRRs of above 15% last year compared with a year earlier, a survey by advisory firm Cebile Capital has found.
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