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LP Sales
The Royal Bank of Canada Trust Corporation has sold its stake in The Rockspring Pan-European Property Fund to a group of secondaries buyers.
The Rockspring Pan European Property Fund invested in Portugal-based shopping centres RioSul and SerraShopping.
CalPERS is cutting its relationships with managers and paring back private equity, but it's unclear if it will use the secondaries market to do so.
The Pennsylvania Public School Employees’ Retirement System has sold 20 private equity fund stakes valued at roughly $2bn.
The private equity firm has created a site for potential sellers and buyers of its fund interests to exchange info, a move that puts Sun Capital into one of the IRS’ ‘safe harbours’ from certain US tax regulations.