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.
Lexington plans to buy 80% of Citi’s stake in Metalmark’s Capital Partners II, which recently invested in Canadian electrical energy company PTW Energy Services.
The London-based firm paid £27m to purchase an LP's interest in its €5bn Eurofund V, which agreed to exit designer jewelry company John Hardy this week.
The price of an LP fund interest can end up being the same as the interest’s NAV because secondaries sellers and buyers have difficulty understanding accounting nuances when negotiating terms, according to Duff & Phelps' David Larsen.
Carlyle's Amsterdam-based fund of funds closed its fifth secondaries fund on roughly $4.2bn last year.
The New Jersey Division of Investment hasn’t invested in a secondaries fund since 2008 and has no plans to in the near future.
Mark Burton, former commercial real estate and mortgage specialist for H/2 Capital and Goldman Sachs' special situations arm, recently joined Strategic Partners.
The direct secondaries firm is trying to sell a group of portfolio companies it acquired in 2007 or earlier, which could include consumer electronics and white goods company BrightHouse.
The Byron Hamburgers owner is exploring secondary liquidity options for limited partners in its €600m mezzanine Fund III.
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