Home Stapled deals
Twenty-two LPs sold stakes to Lexington Partners, which has made a staple commitment to BC Partners’ latest fund worth around 30% of the total.
Investors including CDPQ, Florida SBA and LACERA received a letter on Wednesday outlining the terms of the secondaries transaction, which includes a stapled commitment to the buyout firm’s latest fund.
Avista IV will invest solely in healthcare assets.
Being a source of primary capital to the underlying GP can help you win a secondaries deal – as long as your competitors haven't had the same idea.
LPs in the buyout firm's 2011-vintage €6.7bn ninth fund will be offered bids for their stakes in the summer, Secondaries Investor has learned.
Montana Board of Investments sold out of the Chicago firm’s Fund IV at a premium, with an undisclosed buyer committing to Fund V.
The biggest-ever private equity stapled deal is another example of the secondaries market’s innovation and creativity.
The investment firm has made what is understood to be the largest stapled private equity secondaries deal.
The global investment firm was the biggest investor in a deal that involved ABS' 2009 and 2012-vintage funds, Secondaries Investor has learned.
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.