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Canada’s Cygnus launches secondaries fund

The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.

Mass Mutual sells European fund stakes

Committed Advisors has acquired fund interests including IK 2007, which holds hydraulics and pneumatics company DGI.

Goldman PE fund interests up 2% in Q4

The bank’s private equity fund interests were valued at $5.4bn, a 14% drop from the end of 2014.

Goldman Sachs’s PE fund interests drop to $5.29bn

The bank is letting the investments run through the end of their life and may tap the secondaries market only if interests remain by the Volcker Rule’s July 2017 deadline.

Wells Fargo selling up to $1.5bn of PE fund interests – exclusive

The bank is coming to market with a large portfolio of private equity fund stakes, according to sources familiar with the matter.

Playing by the rules

From Basel III to AIFMD, the list of regulations is growing and the secondaries market is feeling their impact.

Goldman Sachs still holds $6bn of PE fund interests

The bank has decided to let the investments run through the end of their life and may consider tapping the secondaries market only if interests remain by the Volcker Rule’s July 2017 deadline.

Portfolio management now drives European bank sales

European banks have largely sold off the bulk of their private equity stakes as a result of financial regulations. Now, they are increasingly using the secondaries market as a portfolio management tool.

Banks put secondary sale plans on hold in Q1

An extension before the Volcker Rule takes effect gives financial institutions more time to comply.