Investec is bolstering its US presence as secondaries funds increasingly use leverage in more specialised ways, according to head of fund finance Simon Hamilton.
JPMorgan Private Equity has sold its stake in two co-investment funds for 96.25% of NAV.
The average high bid price for LP fund stakes was 98 percent of NAV during the first half of the year, according to NYPPEX data.
There could be changes to the LP-base for 2007 vintage European real estate funds managed by Carlyle and Tishman Speyer.
London-based Graphite Capital has sold its stake in Vision VI, which has 10 remaining portfolio companies including savoury pastry company Pork Farms.
Alpha Associates has bought stakes in two of Mezzanine Management’s Central Europe-focused funds.
Private equity secondaries volume during the period was $16bn and real estate transactions accounted for $3bn, according to Setter Capital.
Aqua Capital closed its agribusiness and food fund, AGF Latam, on $173m in October 2013.
Partners Group bought $120m worth of original commitments in Venator’s Trophy Property Development.
Vienna-based Österreichische Volksbanken-AG has sold a stake in Polish private equity fund Nova Polonia Natexis II.
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