GP-Leds

The Spanish firm is seeking around €600m for its fourth buyout fund after a GP-led process on its 2015 Fund II with HarbourVest Partners.

Record half-yearly fundraising means buyers have had to expand their investment scope to chase promised returns. Here’s a trio of innovative transactions that caught our eye.

LPs were unhappy with the 'heavy discount to NAV' being offered for stakes in the 1998- and 2006-vintage funds, Secondaries Investor has learned.

The fundraising and secondaries veteran becomes Moelis's first European appointment to its private funds advisory group.

The €650m deal moved assets from Recovery Fund 2008 into a new vehicle.

Almost 90% of respondents to a recent survey by Campbell Lutyens described the market as 'competitive' or 'highly competitive'.

Crestline, which is based in Texas, has shifted towards the preferred equity niche. Secondaries Investor caught up with the firm’s head of PE credit and fund restructuring to talk deal sourcing and increased interest in preferred equity.

The investment arm of the insurance giant has offered investors in the private equity firm's two latest funds the option to cash out.

The move is one of seven promotions to partner.

In this second excerpt from sister publication Private Equity International’s May roundtable, top secondaries executives discuss the evolution of portfolios and structures.