The sale includes stakes held in its 2006-vintage AXA Secondary Fund IV, Secondaries Investor has learned.
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The stakes included a position in Bridgepoint Europe II, which has one remaining majority-owned asset.
The $600m portfolio comprises two mandates from Pantheon and Pathway Capital Management, Secondaries Investor has learned.
Limited partners in the Russian private equity firm’s 2000-vintage fund will decide by early September if they want to sell their stakes, Secondaries Investor has learned.
Sales of stakes in tail-ends – mature funds which often hold a handful of portfolio companies – are expected to increase as a percentage of the secondaries market this year.
The purchase included stakes in at least seven private equity funds managed by some of Europe’s top firms including 3i, IK Investment Partners and Cinven.
The Spanish bank’s private equity arm has offloaded stakes in PAI Partners, EQT and August Equity-managed funds amid expectations financial institutions will return as sellers this year.
The Singapore-listed private equity firm bought the interests in two Australian and UK resources funds in a deal worth S$62m in total.
The Kuwait-based investment company came to market with a portfolio of mainly buyout stakes.
The London tail-end specialist is increasing its exposure to Advent III after acquiring Deutsche Bank’s stake in June.