Institutional Investor

Sovereign wealth funds may turn out to be opportunistic sellers rather than competition on the buyside, according to Rudy Scarpa of Pantheon.

The Nordic specialist has acquired a stake in EQT Expansion Capital II from its seventh fund.

NorthStar Realty Finance was one of the buyers in transactions that totalled about $500m out of the $1bn offering.

Consumer groups’ concerns regarding the fund’s investment in a payday lender prompted the New Jersey State Investment Council to explore various options for dealing with the exposure.

The Simsbury, Connecticut-based private equity and real estate secondaries firm was oversubscribed and exceeded its initial target by $600 million.

The $36bn university endowment has hired Cogent Partners to sell some of its real estate interests.