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In this extract from The Secondaries Market, Coller Capital's Gerald Carton, discusses why LPs sell.
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 Pennsylvanian pension scheme wants to clarify the impact of manager fees on returns and increase the transparency of fee reporting.
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.
In this extract from The Secondaries Market, published in November, Coller Capital's Gerald Carton, discusses strategic and tactical sellers in the asset class.
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 two deals were worth almost $2bn combined and represent the largest secondaries transaction in the asset class this year.
The tail-end specialist invested in a European mid-market fund and a Polish vehicle through its £187m Secondary Opportunities V vehicle.
The acquisition of Arle Capital Partners by a distressed legacy specialist is the latest in an almost decade-old attempt to salvage the UK investor’s legacy portfolio, sister publication PEI reports.
The €325m, 2008-vintage Halder-GMIV Germany II contains seven small- and mid-market assets.