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emerging markets

Indian secondaries: getting across the line

A handful of successful GP-led processes, involving household names such as CDC and Coller Capital, represent a significant step forward for the Indian secondaries market in 2018.

Colony to acquire Abraaj fund units and LP stakes

The investment firm is to take control of four fund businesses and acquire Abraaj's interests in the underlying vehicles.

PineBridge tries again to restructure CEE fund – exclusive

The firm is in late-stage talks with a potential backer to restructure its 2007-vintage New Europe Partners II vehicle, Secondaries Investor has learnt.

India: fertile ground for GP-leds?

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.

HarbourVest raises $1.7bn for non-US fund of funds

The fund is targeting primary fund investments, secondaries and direct co-investments in Europe, Asia and emerging markets.

Ashburton seeks $85m for African secondaries – exclusive

The firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.

Mantra hits first close on way to €100m target – exclusive

The niche investor's second fund has hit €64m as it aims for double the amount raised for its debut vehicle in 2015.

An emerging opportunity

Recent GP-led deals involving emerging markets show buyers are taking these regions more seriously.

Goldman buys in Baring Vostok tender offers – exclusive

The Russian private equity firm gave investors a liquidity option on two of its buyout funds, though low pricing meant lower than expected uptake.

Emerging markets hold $48bn in stranded capital

The CEE and CIS regions are disproportionately represented in terms of managers failing to raise successor funds, according to data from industry body EMPEA.

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