Marine Cole

The acquisition by the Paris-based investment bank will allow Secondcap to expand internationally.

The closed-end fund targets high net worth investors and invests predominantly in funds sponsored by The Carlyle Group.

Investors' and GPs' views on secondaries valuations are diverging, according to a survey from SEI.

Although the secondaries market provides a much needed liquidity source to the private equity industry, GPs and LPs agree it’s still not enough, according to a new SEI survey.

Secondaries buyers and sellers are waiting for more clarity on the impact of the fall in oil prices on energy-focused funds, but opportunities remain in some pockets of the market.

Bakaya will advise institutional investors and fund sponsors on transactions in the real estate sector.

The fund, which targets high net worth individuals, bought stakes in Carlyle Asia Growth Partners III and Carlyle/Riverstone Global Energy and Power Fund II on the secondaries market. It also expanded its exposure to other funds, including Carlyle Partners V, which owns Axalta Coating Systems.

Almost 80% of LPs have taken part in one or more PE fund restructurings since the global financial crisis.

Investors buying a preferred equity position in funds with a structured investment approcach can more easily decrease risk compared to investors in traditional secondary funds, according to a study conducted by 17Capital and PERACS.

With only few active buyers, the secondary market for timberland fund stakes remains quite illiquid compared to other asset classes, creating inefficiencies and offering attractive discounts to net asset value, says Thomas Goodrich, a partner with Stafford Capital Partners.