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High asset pricing in secondaries has created a seller's market. Novice buyers must be aware of the due diligence required.
HarbourVest Partners has stepped in to rescue the two-year restructuring process of the Australian private equity firm's funds, giving investors the option of joining a new vehicle.
Ardian managing partner and head of Ardian USA Benoit Verbrugghe plots a course for its recently raised $9 billion Fund VI and what the French firm plans to do next.
The former private equity arm of investment bank Lazard is seeking a recap of its $1.1bn 2005-vintage Fund II, according to sources.
Discussion at the 17th annual King & Wood Mallesons SJ Berwin private equity briefing reveals surprise over the longevity of private funds.
The New York-based private equity firm has hired Moelis & Co to help recap funds raised in 1998 and 2006, with any restructure potentially including a carry reset on Fund III.
The firm aims to raise investment for a new Fund V while giving LPs such as Harbourvest and OPERS the option to exit Fund IV from 2006, sources say.
The Canadian pension has identified more than 75 private equity funds in need of restructuring after completing a review of 750 funds last year.
More information emerges from the JW Childs restructuring deal as CPPIB confirms details of its 'portfolio liquidity solution'.
The fundraising effort comes more than a decade after the firm’s Fund III raised $1.75bn.