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tail-end 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.

Pomona buys Kodak portfolio

The UK pension plan born out of the bankruptcy of photography giant Eastman Kodak has offloaded stakes in Bridgepoint and PAI Partners funds, among others.

BlueGem mulls GP-led process on first fund – exclusive

The firm, founded by an ex-Merrill Lynch Global Private Equity executive, is exploring a process involving its 2006-vintage fund which is heavily exposed to the UK consumer sector.

The case for selling tail-end stakes

Data from NYPPEX and Elm Capital show holding on to the oldest of these assets might not be worth the trouble.

A ‘majority’ of LPs seeking secondaries market alternative

A survey carried out by 17Capital suggests most LPs do not feel their liquidity needs are met by the secondaries market.

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