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private debt secondaries

Darby Converging Europe Mezzanine Fund invested in 16 companies, including Czech solar power company Energy 21.
Alpha Associates has bought stakes in two of Mezzanine Management’s Central Europe-focused funds.
The Byron Hamburgers owner is exploring secondary liquidity options for limited partners in its €600m mezzanine Fund III.
The interdealer broker's alternatives arm is now trading more than just LP fund stakes. Bankruptcy claims are a 'natural progression in this sphere', says Tullet's Dan Nolan.
Several factors including higher pricing lowered buyers’ targeted returns, according to a survey of market participants by the Swiss investment bank.
Secondaries Investor reveals more details about the Ardian-managed fund comprising 36 LP stakes.
Report from global advisory firm Evercore puts deferred payment arrangements on a quarter of all transactions last year.
Leverage is an increasingly common factor in getting large secondaries deals done.
In a bid to reduce fees and bolster existing relationships, the US pension will put $100m to work in both its real estate and private debt co-investment and secondaries programmes.
Last year, buyers on average paid 95% of NAV for private equities secondaries -- a trend set to continue, says advisory firm Elm Capital.

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