The global investment firm was the biggest investor in a deal that involved ABS’ 2009 and 2012-vintage funds, Secondaries Investor has learned.
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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.
Recent high pricing has encouraged the world’s largest asset manager to be a seller on the secondaries market, according to managing director Johnathan Seeg.
High levels of dry powder and high pricing in the secondaries market is forcing firms to use leverage and chase staple deals to make purchases attractive.
A third of respondents to a Setter Capital survey said there was a higher number of these deals last year than in 2014.
The foundation alleges former Park Hill managing director lied about an investment relating to the restructuring of an Irving Place Capital fund.
CPPIB, HarbourVest and Pantheon joined the Carlyle Group’s fund of funds unit in the deal involving Lee Equity’s 2009-vintage fund.
Agri and timber secondaries saw the biggest growth in secondaries deal volume, rising by more than half in 2015, according to a report by Setter Capital.
A consortium led by Access Capital Partners restructured Odin’s two buyout funds. The firm also rebranded to BWB Partners.
Access invested in a portfolio of companies managed by N+1 and also invested in its most recent fund, N+1 Private Equity Fund III.