Home Private equity

private equity

The land of the 41% discount

Latin America is poised for increased deaflow at decent discounts, according to Spectra Investments' Ricardo Kanitz.

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.

Adams Street collects $820m for secondaries Fund 6

The fund is seeking $1.2bn to invest in LP stakes, directs and GP-led transactions in funds of between three- and eight-years of age.

U of Houston re-ups with Lexington

The endowment has committed $10m to its latest flagship fund, which is seeking $12bn for secondaries.

17Capital hires Lazard Young Gun

Pierre Garnier, who spent three years at Pantheon and was most recently a vice-president at Lazard, joined the preferred equity specialist in June.

TR Capital hires ex-Temasek exec to lead Mumbai office

Norbert Fernandes, who spent four years at the Singaporean state investment firm, will head up the direct secondaries specialist's third outpost in the region.

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.

Montana continues build-out with CFO hire

The appointment of Katja Baur follows that of former Adveq chief Sven Liden, who became COO of the secondaries buyer last month.

UK trust reveals Banco Popolare spin-out role

F&C Private Equity Trust joined Montana Capital Partners in backing the €33m management buyout of Banco Popolare de Vicenza’s PE business.

ILPA sets sights on GP-leds

The industry body is working to educate its members about potential conflicts in such transactions, says chief executive Steven Nelson.

Copyright PEI Media

Not for publication, email or dissemination