GP-Leds

Landmark Partners is lined up to back the deal which involves pub chain Stonegate Pubs.

The buyout firm wants to move Swedish chemicals producer Perstorp into a continuation vehicle, Secondaries Investor has learned.

More than 70% of LPs in New Europe Partners II chose to sell their stakes in a deal that closed on Friday, Secondaries Investor has learned.

ProA Capital's 2009-vintage fund has five remaining assets and net asset value of around €200m.

The rise of the single-asset fund restructuring shows a maturing secondaries market.

The firm led a group of investors who bought some of the remaining NAV in Lime Rock's 2006-vintage energy fund.

The transaction allows Hermes GPE, on behalf of BT Pension Scheme, to reallocate to strategies including emerging markets and new managers.

Ludovic Douge, head of secondaries at advisory firm and placement agent Jasmin Capital, discusses FIPs and FCPIs and why an inability to extend the vehicles' lives is spurring restructuring opportunities.

Tail-end specialist Hollyport Capital backed the deal involving the buyout firm's 1998-vintage fund, including a discount of as much as 70% on the GP clawback.

Assets in the deal include UK wine wholesaler Enotria & Coe and cosmetic surgeons chain Private Clinic Group.