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Richard Golaszewski, an almost decade-long veteran of the Japanese banking giant, has left to pursue a new opportunity.
A few dozen positions held in the 2005- and 2007-vintage Sankaty Credit Opportunities Funds II and III were moved into a separate vehicle in a deal that closed in early June.
Deal volumes so far this year point to a bigger first quarter than last year, according to advisor Triago.
Interactive charts showing return expectations, drivers of pricing, use of leverage and other key points from Evercore and Setter Capital's full-year reports.
Buyout stakes trading at 10% premiums to NAV last year were 'not uncommon'.
The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.
In the second part of our series, Cyril Demaria, head of private markets at Wellershoff & Partners, examines the evidence that secondaries perform better than funds of funds.
We round up the key takeaways from sister publication Private Equity International's coverage of fund finance, such as that these lines arguably make the most sense for secondaries.
The strategy suits both fledgling and mature portfolios – with caveats – says Cambridge Associates.
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.

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