Chelsea Stevenson
The firm paid €150m for limited partner interests in Funds IV and V, and committed roughly €65m to Doughty Hanson’s latest fund in market.
Azini has sold its stake in Incadea, a Munich-based automotive software provider.
An increasing number of GPs are giving their existing LPs liquidity options in older funds, as part of their sales pitch for a new fund, according to Tullett Prebon's Suchita Nayar.
Lexington purchased stakes in Carlyle Asia Partners III and PAI Europe V from Mizuho Financial Group.
Ardian invested $10.8bn in 10 private equity secondaries deals and co-investments in 2014.
PSERS has sold 17 LP interests in an effort to reduce its exposure to private equity.
Abbott Capital plans to invest between $50m and $100m in secondaries each year, according to director Martha Cassidy.
Raising a maiden secondaries fund has its challenges and requires a certain level of preparedness.
Neuberger Berman has completed some stapled transactions but most of today’s opportunities come from low-quality GPs, said head of NB Alternatives Anthony Tutrone.
Global secondaries funds in market account for more than $22.3bn of the aggregate target, according to PEI data.