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tail-end funds

Illinois Teachers plans more secondaries sales in 2019

Having offloaded a portfolio of 19 positions in March, the pension plans to strike again in the 2019 fiscal year.

Ardian buys from Wellcome Trust

The endowment sold a stake in Apax's 2005-vintage fund, which contains fashion house Karl Lagerfeld, among other assets.

Hollyport picks up tail-end stakes from Pantheon

The tail-end specialist acquired stakes in funds managed by BC Partners, Graphite Capital and Apax Partners, among others.

Lexington sells tail-end stakes to Montauk TriGuard

The deal included stakes in Bridgepoint, BC Partners and DH Private Equity Partners funds.

PAI explores single-asset secondaries process on Fund IV – exclusive

The buyout firm wants to move Swedish chemicals producer Perstorp into a continuation vehicle, Secondaries Investor has learned.

Goldman buys $2bn GIC portfolio – exclusive

The deal is one of the largest LP portfolio transactions.

The future of tail-end funds

Built-in liquidity solutions or asset rollovers will soon take care of ageing funds.

Secondaries partner leaves Elm Capital

Secondaries Investor Young Gun Bernhard Ellmer had been at the advisory firm since 2012 and a partner since 2016.

Fenway restructuring makes it over the line – exclusive

Tail-end specialist Hollyport Capital backed the deal involving the buyout firm's 1998-vintage fund, including a discount of as much as 70% on the GP clawback.

Kline Hill hits $350m hard-cap

Around half the investors in the fund, which is nearly double the size of its predecessor, are from charitable organisations.

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