Deals

The secondaries firm has hired two deal sourcing agents in Mumbai as it looks to expand its presence in emerging markets.

The state’s $70bn pension is considering selling a big chunk of its private equity portfolio to pare down relationships and potentially 'kick-start' the programme that has been mostly inactive for two years.

The $14.5bn state endowment wants to pare down its private equity portfolio, which contains 150 funds from 80 GPs, to a size that its small staff can better manage. No word yet on the potential size of the sale.

The $226bn pension is selling a chunk of its private equity portfolio that includes a large amount of mega-fund holdings.

Lexington will purchase 33 LP stakes, most of which Lloyds had reportedly acquired when it took over HBOS.

The Indian financial services firm will pay $171.5m for a 55% stake in Landmark Partners. Religare bought a stake in fund of funds Northgate Capital earlier this year.

The infrastructure secondaries opportunity is still at an embryonic stage but has "developed significantly" according to a report from Partners Group, the Swiss alternative assets manager. UK social infrastructure in particular is on the radar of investors.

The listed firm, which has reported strong portfolio company growth in its interim results, looks likely to sell some ‘early secondary’ fund interests to boost liquidity.

Harvard University is reportedly in advanced talks to sell underlying investments in around six US-focused real estate funds to China sovereign wealth fund, China Investment Corporation.

As Citi hands over the management for $4bn of its private equity funds to investment advisor StepStone Group, Citi Infrastructure Investors, the investment bank’s captive infra investment arm, will remain on the firm’s books.