Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
Tender offers plus staples can be a powerful tool to provide liquidity to cash-strapped LPs; some buyers say they have different thoughts.
The transaction follows another lead position for Montana on a €146m single-asset vehicle last year.
The VC secondaries specialist reached the $850m hard-cap for its predecessor, which held its final close in 2021.
Fewer continuation funds are charging super carry and there has been a decrease in average management fees, according to Paul Hastings, as buyers take a more selective approach.
The transactions sees four assets moved from Amsterdam-headquartered private equity firm Bencis’ €408m Bencis Buyout Fund IV into the new vehicle.
What started with a dinner has ended up in a strategic collaboration between Campbell Lutyens and JPMorgan. Could such tie-ups become more common?
Other recent legal moves include Kirkland & Ellis partner Michael Belsley, who is set to join sports-focused investment firm Arctos Sports Partners in the second quarter.
Goldman raised $10.3bn for predecessor Vintage VIII against a target of $7bn, according to Secondaries Investor data.
The offering will combine JPMorgan’s investment banking services and Campbell Lutyens’ global placement and secondaries advisory platform, the two firms tell Secondaries Investor.
A slower M&A market is at the heart of the spike in popularity, Kirkland & Ellis secondaries partners tell Secondaries Investor.