Staff Writer

French private equity group Idinvest, formerly the in-house arm of investment bank Allianz, has held a €100m first close on its new secondaries fund.

The Zug-based private markets investment firm described in its latest research how it is placing its current real estate investing emphasis on investments in debt and secondaries, both direct and indirect, as it avoids a “herding mentality”.

Coller Capital has agreed to pay Lloyds Banking Group £1.03bn for a portfolio of private equity investments, in a marquee deal that features an unusual structure.

Chicago-based property services giant Jones Lang LaSalle has created a secondaries trading platform for Asia-Pacific private real estate funds by way of a monthly bulletin. The first batch of investments to hit the market was sent out last Friday and was valued at $250 million.

Coller Capital’s latest secondaries fund, which like its predecessors has an extremely flexible mandate, raised more than its targeted amount in 15 months on the road.

The Swiss group is currently highlighting real estate secondaries, senior debt and preferred equity investments in its investment thesis as it more than doubles the size of its last vehicle in a global series.

The group's ability to source and execute deals - as demonstrated by its acquisition of a Swedbank portfolio this week - persuaded LPs to support a significant increase in AXA's latest secondaries fund.

Direct secondaries specialist Vision Capital has parted company with the head of its US operation, Matthew Constantino.

Paris-headquartered AXA Private Equity has finally capped its fifth secondaries fund at $7.1bn with an additional sidecar of $900m, making it the biggest pool of capital for buying up limited partner stakes yet raised.

PropertyMatch, a European secondaries trading platform for units in unlisted real estate funds part-owned by CBRE, says it traded more than €270m in the first quarter of the year, beating last year’s corresponding period by 240 percent.