Welcome to the site with one thing on its mind: secondaries.
The sale of emerging markets-focused CVCI leaves Citi with an uncertain future in private equity.
The advisory firm hopes its new structure and leadership team will leave it better positioned to meet the challenges ahead.
Leading secondary advisor UBS lost its chief Nigel Dawn, who later joined Evercore – setting up what could be an epic battle for mandates in the rest of 2013.
Private equity dealflow continues to stall in China – but so far it hasn’t yet prompted the hoped-for explosion in secondaries activity.
Evoco’s restructuring of an ailing private equity portfolio (backed by secondaries firm Headway Capital) illustrates one way that the industry can deal with its many dysfunctional funds.