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tail-end funds

Panelists at PEI's CFOs & COOs Forum, held over the summer, spoke of how the standard GP structure is straining under the weight of value yet to be realised.
The original deal was set to be one of the largest GP-led secondaries ever, but well into the process Panasonic decided to acquire the largest asset, supply chain software provider Blue Yonder.
BlackRock, GIC and Lexington Partners co-led the deal, the third inaugural continuation vehicle this month.
fuel
Private Equity International CFOs & COOs Forum panellists say the standard GP structure is straining under the weight of value yet to be realised.
Legend Capital raised $270m for a transaction involving Chinese healthcare assets from two older funds.
The GP-led specialists have led the formation of Brentwood Associates Opportunity Fund with assets from the managers’ two previous vehicles.
Tail-end funds
Activity is driven by secondaries and funds of funds aiming to lock in returns and liquidate old vehicles, according to managing partner Etienne Deshorme.
promotion
The tail-end secondaries specialist is investing its seventh fund, which closed last year on its $1bn hard-cap.
deals
Sellers pushed on with secondaries sales despite the crisis and dealflow is likely to remain strong into December, according to Jared Barlow, a partner at the firm.
London
The listed arm of Intermediate Capital Group de-risked its portfolio by selling stakes in funds managed by IK, Graphite and Silverfleet, among others.
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