Home Spin-outs


Irving Place Capital: New lease of life

Secondaries firm Coller Capital backed Irving Place Capital to add five years to its third fund and offer an attractive package to LPs.

Deutsche, Goldman spin-out launches as Stage Capital

The National Bank of Greece spin-out will focus on delivering returns for its two backers, chief executive Graham Thomas told, Secondaries Investor.

Former AlpInvest exec joins Hektor’s firm – exclusive

Jordan Bradley joins New 2nd Capital as a partner after spending 10 years at the fund of funds, Secondaries Investor has learned.

Balfour Beatty sells infra stake to Kuwaiti group amid spin-off

The UK developer's $618m fund has made investments that include solar power, marine transportation and energy utilities in Europe and the US.

AlpInvest former managing director starts new firm – exclusive

Tjarko Hektor, who worked on North American secondaries at Carlyle's fund of funds until last year, has launched New 2nd Capital, focusing on GP-centred transactions.

Deal volume hits $100bn

A compelling idea, we'll admit, but not true. It’s one of the thought-provoking statements that Secondaries Investor has tested out on market participants this week.

Deutsche, GSAM back NBGI spin-out

The National Bank of Greece has signed a €288m deal to spin out its private equity unit 18 months after proceedings began.

JPMorgan to sell secondaries unit JPEL

The management team at JPMorgan's listed secondaries unit will move to New York-headquartered Fortress's credit business.

HarbourVest sees $85bn in deal flow

Traditional secondaries accounted for about $58bn of deal flow last year, according to HarbourVest's estimate.

Strat Partners, GSAM complete $350m recap of TCW/Crescent funds – exclusive

A group of secondaries firms purchased LP interests in two special situations funds for a single-digit discount to net asset value.