Brian Cantwell
New details have emerged on HarbourVest’s ‘rescue’ of Motion’s €1.25bn Fund II, one of the first major restructurings of a tail-end fund in Europe.
Talks stall after several months of negotiations, according to a source inside one of the camps.
Scott Myers has recruited talent including private placement veteran Loren Boston to launch New York-based Hycroft Advisors.
The trio are among the 20-most sought after Asian private equity funds, according to Canadian broker Setter Capital.
Europe’s biggest bank has hired Campbell Lutyens to advise on the potential sale of its principal direct investments arm. The mid-market group is expected to be valued at circa $1.5bn.
Market sources expect an agreement in coming weeks that would allow LPs in the firm’s 2002-vintage Fund III to gain liquidity.
Large-scale asset disposals coupled with an improved primary fundraising market should increase dealflow, according to advisory firm Altius.
The duo recently helped former Barclays captive Absa Capital to go independent in South Africa's largest-ever secondaries deal.
Longer holding periods have created ‘a pent-up demand’ for liquidity, Cipio says.
The newly independent SwanCap has $450m left to spend of its freshly raised $1.2bn fund.