Amanda Janis
The secondaries firms have established a £170m fund to acquire assets from 3i that will be managed by DFJ Esprit's nascent secondaries arm, Encore Ventures.
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
The UK mid-market firm’s remaining co-founder has left following strategy differences with buyout chief Dominic Slade and has called for winding down of its main fund.
The mega-firm has added on a 600,000-hectare cattle ranch in North Queensland to its Consolidated Pastoral platform in an all-equity deal worth A$48m.
The secondaries specialist is working with several institutions on preferred annex fund-type structures that help LPs to meet capital calls and make fresh commitments.
The Southern European buy-and-build specialist is giving LPs greater control over investments made by the fund, illustrating the concessions necessary to raise an annex fund in today's market.
TA Associates raised a $4 billion fund in just nine months, thanks in part to the firm’s decision to reduce its promote from 25% to 20%.
The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.
Fortress, Lightyear Capital and Crestview Partners comprise the latest private equity consortium to purchase equity stakes in a US government-backed bank.
The publicly listed alternative investment firm will sell Class A shares to repay a portion of its outstanding debt as well as generate working capital that may be used to fund GP contributions to Fortress funds.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: