Home Deal focus
Impending NAV updates and carried interest catch-up can make or break a transaction.
Stakes offloaded so far include tail-end interests in Carlyle, Lyceum Capital and Rutland Partners-managed vehicles, Secondaries Investor has learned.
The fund's purchases include stakes in two Akina Partners funds acquired with secondaries firm Newbury Partners.
The Swedish mid-market firm has cancelled the secondaries process on its 2007-vintage fund due to several potential liquidity events, including an offer by a strategic buyer for one of the assets.
The sale includes stakes held in its 2006-vintage AXA Secondary Fund IV, Secondaries Investor has learned.
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.