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A unique structure is said to have allowed Ardian to bypass the time-consuming GP approval process for all 350 interests.
The Canadian pension continues to be a dominant secondaries market player.
Market participants have been buzzing about a Hellman & Friedman stake sold at a 30% premium to NAV – but does it actually provide a snapshot of overall market activity?
Large auctions and restructurings are expected to provide the bulk of dealflow this year, according to a SecondariesInvestor.com reader’s poll.
The London-based firm has boosted its exposure to European property by taking over what is believed to be Bank of America Merrill Lynch's position in the Bosphorous fund.
Leading secondary advisor UBS lost its chief Nigel Dawn, who later joined Evercore – setting up what could be an epic battle for mandates in the rest of 2013.
The loss of Nigel Dawn to Evercore has not stopped UBS from moving forward with its secondaries business.
Bids that came in for the private equity stakes were not ‘on par with the value of the assets’, the endowment’s CEO John Powers told PEO in an interview.
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