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spin-outs

The move, prefaced by Harvard offloading $2bn of real estate assets, marks Bain's entry into the bricks and mortar business.
Timber Bay Partners, a secondaries firm founded by two Fort Washington executives, is seeking $200m according to a US Securities and Exchange Commission filing.
The bank has previously made secondaries sales of private equity assets to groups including Goldman Sachs and Coller Capital.
Stage Capital, which spun out of National Bank of Greece's alternatives arm last year, is itself interested in backing spin-outs and portfolio transfers.
The deal brings Qualium Investissement to a first close on its latest fund which has a €350m target, Secondaries Investor has learned.
The investment firm has acquired minority direct stakes in the fund's portfolio companies and will work with the Italian manager to raise a country-focused fund.
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The Deutsche spin-out has brought on a New York-based partner and three other investment professionals.
The acquisition of Arle Capital Partners by a distressed legacy specialist is the latest in an almost decade-old attempt to salvage the UK investor’s legacy portfolio, sister publication PEI reports.
The former captive unit of Deutsche Bank is no longer the parent company’s ‘neglected child’.
The unit has formed Glendower Capital, focusing on private equity secondaries from London and New York, Secondaries Investor has learned.
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