Fund Finance

The preferred equity specialist is targeting $750m for Whitehorse Liquidity Partners II with a $1bn hard-cap, Secondaries Investor has learned.

The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.

LPs in the firm's 2015-vintage buyout fund were also given the option to sell their stakes to Partners Group, Secondaries Investor has learned.

The House bill includes a proposal to limit interest deductibility, and measures that will increase personal taxes paid by fund managers.

Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.

Sponsors of secondaries and funds of funds should be mindful of several key issues that can arise when structuring and negotiating these financing arrangements, according to law firm Dechert.

The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.

Trevor Blake is the fourth person to leave the secondaries specialist in the past year.

Fund managers and auditors expect EU regulators to follow US lead and begin overseeing fund valuation processes.

The hires, which include Barclays and Debevoise & Plimpton professionals, brings the number of members in the specialist investment bank's unit to 19.