Staff Writer
The listed fund of funds has this week unloaded a total of £206m of unfunded commitments.
The $11.5bn pension is facing a 'severe' liquidity crisis and is looking to credit opportunities to provide much-needed cash flow.
The secondaries business has replaced Brian Wright, who left the business back in August 2008, with former Adams Street partner Oliver Gardey.
The Boston-based fund of funds and secondaries firm has held a final close on Dover Street VII, the global secondaries fund that earlier this year backed Lehman Brothers’ venture spin out.
The London-listed private equity firm has offloaded a portfolio of 10 venture capital investments to the secondaries specialist. 3i has also exited its growth capital investment in shipping services company Instone International for between €30m and €50m.
The San Francisco-based placement agent, advisor and secondaries broker has hired ex-AIG Investments executive Edwin Chan to lead its first Asian office.
The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.
The San Francisco-based secondary specialist estimates some $5bn in venture secondary assets are up for grabs.
The UK private equity firm has made its debut Spanish and solar investments with the acquisition of stakes in three photovoltaic plants in a secondaries transaction.
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.