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Senior executives at the former emerging markets private equity firm overvalued positions and delayed markdowns to attract LP stakes purchases, a US indictment alleges.
Four Investcorp representatives will join the placement agent and secondaries advisor's board of directors as part of the deal.
The real estate investment firm owned by Tom Barrack agreed this week to buy part of the ailing Abraaj business. What do we know?
The emerging markets investor has tried to offload GP commitments to a number of its funds.
The sale is understood to be linked to changes to the sovereign wealth's London office, which handles its European private equity investments.
LPs that chose to sell their stakes in BC European Capital IX to Lexington Partners include media group scions, insurers and endowments.
The fund of funds manager, which already has seven offices, will expand in the Middle East and Asia.
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