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tail-end funds

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.
The tail-end secondaries specialist is investing its seventh fund, which closed last year on its $1bn hard-cap.
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.
The listed arm of Intermediate Capital Group de-risked its portfolio by selling stakes in funds managed by IK, Graphite and Silverfleet, among others.
The firm targets underperforming funds and difficult situations, which it says have increased as a result of covid-19.
new hire
The appointment comes after secondaries head Nico Taverna's departure last year.
Tail-end funds
Hollyport Secondary Opportunities VII has raised double the amount collected by its 2017-vintage predecessor.
As Hollyport seeks $750m for its latest flagship fund, we look at the terms of the fund and the niche secondaries specialist's performance so far.
Co-chief executive David Layton says he is 'pleased' that most pre-crisis dealflow has worked its way through the system.
LPs not proactively managing their mature fund commitments are incurring potentially huge opportunity costs.

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