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Fund restructuring: a source of friction

The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs desire a genuine 'do nothing' option.

HarbourVest to back Innova restructuring – exclusive

The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle, Secondaries Investor has learned.

Lexington: newer vintages are the next opportunity

The transition away from tail-ends and GP-led restructurings is already happening, said Pal Ristvedt at BVCA's annual conference.

Apax pulls GP-led deal – exclusive

The buyout firm is no longer proceeding with its proposal to move assets from Apax Europe VII into a continuation vehicle, Secondaries Investor has learned.

​Portugal’s Explorer struggles to close staple – exclusive

The lower- and mid-market-focused firm had hired Greenhill Cogent to work on a tender offer process on its 2009-vintage fund, Secondaries Investor has learned.

Asante enters secondaries advisory – exclusive

The firm is putting together a 10-strong secondaries team, split between London and New York, to focus on vanilla deals as well as more complex processes.

Peru’s Enfoca explores GP-led deal – exclusive

The Latin America-focused private equity firm is working with Park Hill on a potential process, Secondaries Investor has learned.

All eyes on Apax and Nordic

The success or failure of two significant GP-led processes will have widespread consequences for the secondaries market.

BC Partners staple: sellers revealed

LPs that chose to sell their stakes in BC European Capital IX to Lexington Partners include media group scions, insurers and endowments.

Apax runs GP-led process on Fund VII – exclusive

The UK's second-biggest private equity firm is working with Campbell Lutyens to create a continuation vehicle for its 2007-vintage fund, Secondaries Investor has learned.