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Why these French retail vehicles are spurring secondaries dealflow

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.

Fenway restructuring makes it over the line – exclusive

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.

Glendower emerges as BlueGem buyer

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

Lazard hires Greenhill principal – exclusive

Nadira Huda, a Secondaries Investor Young Gun, becomes the second Greenhill professional to move across this year.

New deal, new opportunity set

With the advent of the fundless GP-led deal, traditional GP-led restructurings are so 2017.

Glendower leads $530m US GP-led

The Deutsche Bank spin-out has led a consortium that backed a deal involving moving six of Argonne Capital's assets, including three IHOP franchises, into a continuation vehicle.

Goldman backs DH Private Equity restructuring – exclusive

This is the second GP-led process carried out on Doughty Hanson IV, the first of which HarbourVest Partners backed in 2015.

Is Nordic’s really the world’s largest GP-led secondaries deal?

A lack of industry standards makes measuring the size of secondaries deals tricky in a fast-evolving market.

PineBridge tries again to restructure CEE fund – exclusive

The firm is in late-stage talks with a potential backer to restructure its 2007-vintage New Europe Partners II vehicle, Secondaries Investor has learnt.

Consilium pulls pre-crisis fund restructuring process – exclusive

The Italy-focused buyout firm was mulling a process on its 2007-vintage vehicle, which has four remaining assets including a shoe manufacturer.

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