Chelsea Stevenson
Direct secondaries firm Nova is among four final bidders that would recapitalise Fenway’s 1998-vintage Fund II and 2006-vintage Fund III.
The Oregon Public Employees Retirement Fund committed $100m to Montauk TriGuard Fund VI.
Bon French will remain with Adams Street until 2017 to transition head of investments Jeff Diehl into the firm’s succession plan.
The UPS Group Trust didn’t buy any real estate assets on the secondaries market during the second half of 2014 because of high prices.
The firm deployed its latest fund, Amberbrook VI, which closed on $400 million in 2012.
Hong Kong-based NewQuest Partners is seeing a more robust pipeline build up in Asia’s direct secondaries market, particularly in 2004- to 2007-vintage funds.
Leverage is not new to the secondary market, but it has become more prevalent and consequently LPs should keep an eye on the impact of its use, says Chason Beggerow, a partner at private equity advisory firm Altius Associates.
The wealth management firm is targeting $40m for its 2015 Opportunities Fund.
Perseus’ five legacy funds finally have a new owner in distressed investment firm Centre Lane, giving longstanding LPs a liquidity option. But it wasn’t your average secondaries deal.
Last year it emerged that Strategic Partners had a $400m separate account for the strategy.