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tail-end funds

What will the next recession mean for the secondaries market?

With many predicting an economic downturn, we examine the lessons from the global financial crisis and how firms are reacting a decade on.

Greenhill: H1 deal volume hit $22bn

The investment bank's analysis of the first half suggests that 2017 could break records on a number of fronts.

BlackRock, Strategic Partners in series of tail-end deals

Strategic Partners VII has picked up a glut of stakes in technology-focused funds.

Deutsche picks up tail-ends from LGT and EIF

The acquisitions comprise interests in European midmarket buyout funds.

NYPPEX: 2017 could be direct secondaries ‘bloodbath’

Average bids for so-called unicorns will fall by 10 percentage points following a year of 'unrealistic' valuations, according to a report by the advisory firm.

Hollyport expands investment team

The tail-end specialist has hired five staff in its London office including two investment professionals and has also made an internal transfer.

Goldman picks up Partners’ €800m portfolio – updated

The investment bank has agreed to acquire stakes held in Partners' 2007-vintage secondaries fund in a deal expected to close by the end of September.

When buyers sell

Funds of funds are taking advantage of price discrepancies to become opportunistic sellers.

Rothschild picks up Spanish tail-end stake

The banking group's Five Arrows Secondary Opportunities unit acquired the interest using its third secondaries fund which was almost fully invested as of November.

LGT buys tail-end stake from Pantheon and Diageo

Sales of stakes in tail-ends – mature funds which often hold a handful of portfolio companies – are expected to increase as a percentage of the secondaries market this year.