private equity

The US insurer has already received first-round bids for the bundle of stakes, Secondaries Investor has learned.

The asset manager acquired the secondaries and fund of funds arm of ACG Group for €1.8bn last week, marking its entry into private equity.

A highly competitive market is leading to reduced return expectations and lower success rates, according to a report compiled by UBS and obtained exclusively by Secondaries Investor.

The close of the deal comes six weeks after Secondaries Investor reported the transaction was set to become the largest-ever GP-led restructuring.

Proskauer's Nigel van Zyl explains the key commercial, legal and investor relationship issues GPs need to consider before amending the agreement's provisions or restructure funds.

The bank's equities portfolio rose 34% in the first quarter, one year after receiving an extension on its Volcker Rule divestment obligations.

Asset manager Oddo BHF has acquired the fund of funds unit in its first foray into private equity.

The interdealer broker's alternatives team will remain intact despite Alastair Sword's departure – the latest in a series of exits.

The portfolio included stakes in Montagu Private Equity and IK Investment Partners' funds, Secondaries Investor has learned.

Around half the investors in the fund, which is nearly double the size of its predecessor, are from charitable organisations.