Fundraising

LPs from Canada, Norway and Benelux are all expecting to raise their deployment to secondaries, according to research by Rede Partners.

Making the business case for spinning out is often easy; the potential pitfalls come from the details of doing it.

The private equity firm has already raised around half the target of Bridge No.5-B Private Equity Secondary Investment Fund, Secondaries Investor has learned.

The Texas pension needs to increase its exposure to non-core real estate on advice from consultant Meketa Investment Group.

Despite representing less than half of total secondaries volume in 2017, GP-led transactions stole the spotlight in PEI’s annual industry awards.

SWAN III, which is already 50% deployed across 20 deals, can make primary, secondaries and co-investments.

Bumper fundraising, stapled deals and preferred equity were some of the themes in the awards for 2017.

Deal, firm, advisor and law firm of the year in the coveted awards for sister publication Private Equity International.

The pension committed $50m to Newbury's Fund IV, which closed last week on $1.4bn.

Secondaries and primaries funds can be allocated up 60% of the firm's latest Global Infrastructure programme.