direct secondaries

What does Verdane's debut buyout fund say about the direct secondaries market?

Asset and manager quality still pose problems for secondaries buyers in a market where many funds are coming to the end of their lives with large amounts of remaining NAV.

SWAN III, which is already 50% deployed across 20 deals, can make primary, secondaries and co-investments.

Bumper fundraising, stapled deals and preferred equity were some of the themes in the awards for 2017.

The Berlin-headquartered firm continues to acquire assets on a deal-by-deal basis and is unlikely to deviate from this strategy any time soon.

The investment bank's GSIP unit is exploring the sale of stakes in 15 companies, Secondaries Investor has learned.

The bank is understood to have paid €100m into the deal, which included a stake in Byron Hamburgers.

Matt Shafer will lead the New York team and focus on the origination and execution of secondaries transactions.

The Asian direct secondaries firm has hired Motoya Kitamura, previously founder of Roc Partners, as managing partner.

The Swiss firm has raised €300m to invest in the smaller end of the market, seeking a net IRR of 20%.