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Blackstone's secondaries manager has increased its stake in an almost two decade-old buyout fund.

The Los Angeles-based investment bank, also an advisory firm in the secondaries market, plans to offer $100m in common stock and to list on the New York Stock Exchange.

The fund is currently in the midst of fundraising and is targeting $2.5bn.

The fund of funds arm of The Carlyle Group has bought a stake in one of its parent company's Asia-focused funds.

Increased competition is prompting secondaries firms to find new ways to maintain returns, including using leverage and participating in restructurings, according to Sunaina Sinha from Cebile Capital.

Canada's public pension plan has sold off its entire stake in one of Europe's largest buyout funds. Portfolio companies include United Biscuits.

The immediate tax change is accompanied by a consultation on fund manager rewards.

The Swiss fund manager is handing strategic decision-making over to an expanded executive committee.

European banks have largely sold off the bulk of their private equity stakes as a result of financial regulations. Now, they are increasingly using the secondaries market as a portfolio management tool.

Secondaries professionals also expect that returns will remain below 13% in the next three to five years, according to a recent survey.