Chelsea Stevenson
PineBridge Secondary Partners III has raised about $60m toward its $500m target, in the past year.
The companies include Aspiro, which owns Norwegian streaming service Wimp, Napatech, a Danish network adapter manufacturer and Eniram, a Finnish software provider.
FACTA has gone into effect and the AIFMD compliance deadline is right around the corner - all of which secondaries firms must be alive to.
The assets in Macquarie’s €1.2bn European Infrastructure Fund III include a German gas transmission network operator and the Brussels and Copenhagen airports.
Secondaries fundraising is booming - but there's a gap between asset classes.
Secondaries firms face challenges in India getting GPs and LPs to agree on terms, but a revival of the country's private equity market could be on its way.
Changing appetites for private equity among Australia's superannuation funds is said to be fuelling secondaries dealflow in the Asia-Pacifc.
The advisor’s Euro Choice Secondary fund has already invested €35m in a European portfolio of 30 funds from Spain and Portugal.
3i Eurofund III raised €2.3bn in 1999 and invested into European mid-market companies, including Swiss transportation and service provider SR Technics.
CPPIB has bought stakes in €4.31bn Apax Europe VI - whose portfolio includes fashion house Karl Lagerfeld - from Adveq, HarbourVest, Robeco and Pomona.