GP-Leds

GPs taking the lead on liquidity events will draw more investors to private equity and drive secondaries pricing up, according to Neil Campbell, head of Tullett Prebon Alternative Investments.

Partners Group has purchased stakes in funds managed by 3i and Apax at a price slightly above NAV.

Investec is bolstering its US presence as secondaries funds increasingly use leverage in more specialised ways, according to head of fund finance Simon Hamilton.

Vienna-based Österreichische Volksbanken-AG has sold a stake in Polish private equity fund Nova Polonia Natexis II.

The London-based firm paid £27m to purchase an LP's interest in its €5bn Eurofund V, which agreed to exit designer jewelry company John Hardy this week.

The Canada Pension Plan Investment Board plans to invest $10bn in the secondary market in the next five years, explains vice president and head of secondaries and co-investments Yann Robard.

The Byron Hamburgers owner is exploring secondary liquidity options for limited partners in its €600m mezzanine Fund III.

HarbourVest has acquired stakes in Ironbridge Fund II from Portfolio Advisors and a Portfolio Advisors' joint venture with Singapore-based United Overseas Bank.

Approximately 75% of LPs agreed to sell their stakes in the firm's 2000-vintage Fund II, while the remaining LPs opted to roll over into a new fund.