The German manager is seeking up to four years to be able to maximise the value of its remaining assets, Secondaries Investor has learned.
The fund is targeting $400m to invest in less competitive areas of the market, such as secondaries funds and funds of funds.
Twenty-two LPs sold stakes to the secondaries house, which has made a staple commitment to BC Partners’ latest fund worth around 30% of the total.
Pantheon’s global private equity secondaries team is changing: London-based Matt Jones and New York-based Rudy Scarpa will take over from Elly Livingstone, who will dedicate more time to fundraising and dealmaking. The two of them talk to Secondaries Investor.
The Blackstone unit has tapped its latest real assets fund to emerge as the winner of a competitive tender offer process run by Campbell Lutyens.
The Israel-based fund of funds has just closed its fourth secondaries fund on $215m. Co-founder Alan Feld discusses the opportunities he is seeing in the market and how secondaries investors need to do more for the companies and GPs they work with.
The volume of fund of funds stakes traded on the secondaries market increased by 289% compared to FY2016, one of a number of big increases.
The tail-end specialist invested in a European mid-market fund and a Polish vehicle through its £187m Secondary Opportunities V vehicle.
The €325m, 2008-vintage Halder-GMIV Germany II contains seven small- and mid-market assets.
Elly Livingstone, who has been at the firm for 13 years, will relinquish his role to the London- and New York-based partners.