Brand name secondaries funds are driving up prices in Asia, according to a memo from UK law firm King & Wood Mallesons SJ Berwin.
IK VII Fund closed on €1.4bn last year and has invested in maritime testing and surveys company Veritas Petroleum Services.
Two decades ago, Jeremy Coller’s entrepreneurial drive helped to create one of the world’s biggest secondaries platforms. Today, Coller Capital is a bigger, more institutional firm but there are still signs of that stubborn unwillingness to follow the crowd.
Fund VI surpassed its $3.5 billion target and is the firm's first fund raised under the Blackstone name.
Texas capitol
The $26bn Employees Retirement System of Texas has closed 16 private equity co-investments since inception and six in fiscal 2014 alone.
Asia Square Singapore under construction
Partners Group has built up a stake in BlackRock Asia Fund III, which has provoked criticism for its heavy weighting to Asia Square, a twin tower office development in Singapore.
Akina Euro Choice Secondary is expected to hold a second close on more than €100m, after its first close on €73.5m in July.
David Overton has become a vice president at mid-market secondaries firm Newbury Partners.
In hauling almost $2bn for the Partners Group Real Estate Secondary 2013 fund, the Zug, Switzerland-based firm has raised a record amount of capital for real estate secondaries.
Cinncinati-based Fort Washington Capital Partners has upped the target for its eighth fund of funds from $250m to $300m.
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