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Restricting LPs’ freedom of movement

Not having negotiated subscription lines themselves, investors may be unaware of terms that could block sales of their interests, writes Andy Thomson, editor of sister publication Private Debt Investor.

Secondaries roundtable: financing options

In this third excerpt from sister publication Private Equity International's secondaries roundtable, some of the market’s top participants discuss the use of leverage to boost returns.

Partners Group laments ‘very ambitious’ market valuations

Pricing has reached 'unusually high levels', according to the investment firm's chairman.

ICG strikes $170m distressed deal – exclusive

The deal makes the firm the largest shareholder in two formerly PE-backed distressed companies.

Ardian on the rise of separately managed accounts

Olivier Decannière, the French secondaries giant's UK head, tells Secondaries Investor why its clients want to move past the 'old story' of private equity.

Pomona adds debt, buyout stakes in H2 2016

Pomona Investment Fund's acquisitions included a stake in an Audax Group mezzanine fund which became the vehicle’s largest single fund exposure.

Oaktree’s Marks warns on impact of GP credit lines

Bank loans used by GPs and backed by LP commitments could complicate stake sales processes, according to the veteran investor.

ICG chief executive Evain to step down

Christophe Evain will be replaced in his capacity as ICG’s CEO and CIO by Benoit Durteste in July.

Distressed credit had biggest pricing increase in 2016

Buyers paid more than 90% of NAV for fund stakes in the strategy as a hedge against possible market falls, according to Setter Capital.

LGT doubles debt assets with acquisition

The European secondaries investor picked up stakes in two European Capital debt funds from the firm’s previous owner, American Capital, as part of the acquisition announced last week.