Staff Writer

Coller Capital has agreed the latest in a slew of banking-related secondaries this year sparked by the forthcoming Volcker rule, acquiring the in-house private equity arm of French bank Crédit Agricole.

The San Francisco-based firm has purchased a $25 million commitment to Buchanan Street Partners' fifth fund, the $400 million Buchanan Fund V, in its first secondary acquisition since the start of the global financial crisis.

The Japanese conglomerate is selling a portfolio of buyout stakes to AXA Private Equity.

The Japanese private equity firm has attracted a number of Japanese corporate pension funds as it nears a final close on its third secondaries fund.

Secondaries specialist Cipio Partners has promoted two of its team, including its chief financial officer, to managing partner, in a bid to introduce a younger generation to the firm's senior management team.

AXA Private Equity continues to capitalise on regulations which make private equity assets less attractive to banks, sealing its fourth secondaries deal to take the value of its recent portfolio acquisitions to $5.1bn.

The New York-based private equity real estate secondaries firm has entered into its first student housing deal with the 80% equity interest purchase of two assets for $30m.

The latest Global Private Equity Barometer conducted by Coller Capital shows that 68 percent of Asia Pacific LPs will be buyers in the secondaries market over the next two years, while 42 percent of them will be on the sellers' side.

Josh Cleveland has joined Clairvue Capital Partners as the firm starts to target real estate secondaries as well as recapitalisations.

French group AXA Private Equity, led by Dominique Senequier, has sealed the acquisition of a $1.7bn portfolio of assets from Citigroup, 14 months after a similar deal with Bank of America.