Secondaries

The pension, which has $2.1bn in assets, will gain its first PE exposure through the creation of a private investment programme.

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

What’s it like being the GP at the centre of the largest ever GP-led restructuring? Nordic Capital managing partner Kristoffer Melinder discusses key learnings from its transaction.

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.

But is the firm’s Swiss secondaries rival paying as much attention these days?

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.

The firm's eighth dedicated real estate fund closed above target on $3.3bn and is already 42% deployed.