The direct VC secondaries firm has exited mobile payment business Macalla a year after making the investment.
Several 3i partners will join DFJ Esprit’s venture secondaries arm, which will manage a portion of 3i’s European VC assets with backing from Coller and HarbourVest.
The secondaries firms have established a £170m fund to acquire assets from 3i that will be managed by DFJ Esprit's nascent secondaries arm, Encore Ventures.
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
The secondaries specialist is working with several institutions on preferred annex fund-type structures that help LPs to meet capital calls and make fresh commitments.
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
The superannuation fund has made its first foray into secondaries with a commitment to Partners Group Secondary Fund 2008, which is targeting €2.5bn.
The Swiss alternatives firm has gathered more than a third of the $750m target for its latest global secondaries fund.
The Belgian firm has bought three ‘early secondary’ interests in CapMan funds, made one primary commitment and is eying a 10% stake in the management company.
The Swiss gatekeeper will manage the Korean sovereign wealth fund's nascent secondaries programme.