Coller forks out £332m for Lloyds’ BOSIF assets
Secondaries specialist Coller Capital has acquired a majority stake in a portfolio of 40 Bank of Scotland Integrated Finance assets from owner Lloyds Banking Group.
Blackstone, Bain fund interests back at par
Two bellwether mega-funds are trading at or near par on the secondaries market, a big change from 2009, when these stakes were valued nearly 70% beneath GP-assigned values.
USS buys $135m Neuberger interest
The £28bn UK pension scheme has bought an “early secondary” in Neuberger Berman Secondary Opportunities Fund II as the pension seeks to expand its co-investment activity.
AXA buys $1.9bn BofA portfolio
The Paris-based firm, also in exclusive talks for some of Natixis' French private equity operations, has closed 'one of the largest secondary private equity transactions in history' with the purchase of a portfolio of mature fund interests.
3i mulls secondary play with £500m HBoS deal
The listed firm is expected to again team with Coller Capital to spin out a portfolio, but the potential transaction would see 3i become the manager of the assets in play rather than the seller.
Cipio scores 20x return from €60m TA deal
The direct secondaries firm in 2004 acquired a large stake in email marketer eCircle - now owned by TA Associates - as part of a portfolio purchased from Deutsche Telekom.
AMG buys Pantheon in $775m MBO
The global private equity investor has changed hands for the second time in six years.
Neuberger Berman buys $200m of secondaries stakes
The secondaries market will become much more active in 2010 ‘as continued portfolio net outflows force investors to intensify their search for liquidity'.
Oregon considers $100m secondaries programme with PCG
PCG Asset Management would run the programme, which would target original commitments of between $5m and $20m.
Stanford comes to market
But will buyers be able to meet its price expectations?