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Secondaries

Restricting LPs’ freedom of movement

Not having negotiated subscription lines themselves, investors may be unaware of terms that could block sales of their interests, writes Andy Thomson, editor of sister publication Private Debt Investor.

Prudential backs Fenway restructuring – exclusive

The investment arm of the insurance giant has offered investors in the private equity firm's two latest funds the option to cash out.

Fiduciary Rule’s future remains uncertain

The regulation will be partially effective from June, but could still face a ‘full-scale rewrite.’

CPPIB PE returns soar in 2017 fiscal year

Private equity performance for Canada's largest pension, which had C$59bn in the asset class at 31 March, was boosted by higher returns in the domestic and foreign developed market segments.

South Dakota buys stake in Blackstone energy fund

The $11bn pension has increased its exposure to the private equity giant's 2015-vintage BEP II.

Infra secondaries: pricing, sourcing and due diligence

Partners Group's Dmitriy Antropov discusses the strength of asset pricing, the best ways to source deals and the skill set required for due diligence in this third extract from The Secondaries Market.

Mercury expands US operations – updated

The placement agent and advisory firm has opened an office in Florida and plans to launch in four other locations.

CIVC fundraise helped by Montana staple

Montana Board of Investments sold out of the Chicago firm’s Fund IV at a premium, with an undisclosed buyer committing to Fund V.

Swiss pension backs Stafford’s timber secondaries fund

The investment from the Swiss pension includes a commitment to the firm's timberland fund which focuses on secondaries.

Kline Hill’s debut fund 50% invested

The fund's purchases include stakes in two Akina Partners funds acquired with secondaries firm Newbury Partners.