Tail-End Funds

The London-based tail-end fund specialist began fundraising for its latest dedicated secondaries fund in June.

The London firm is targeting twice as much as it raised for its previous secondaries fund.

The London-based firm has hired Lama Al-Masri to focus on deal origination and investor relations.

Amadeus II is a 2000-vintage fund which still owns home screen marketing company Celltick and imaging equipment company Teraview.

The stakes include 2001-vintage Apax Europe V which still owns UK fashion retailer New Look.

Portfolio rebalancing is most LPs’ primary reason for selling on the secondaries market, according to Sixpoint Partners.

IK 2000 has two remaining portfolio companies including Danish workwear label Kwintet and German artificial track and turf manufacturer Sport Group.

The amount of unrealised value in tail-end funds will reach $337bn by 2017, according to a report from Credit Suisse.

Limited partners have mixed sentiments toward solutions to tail-end fund situations, according to a survey conducted by the Credit Suisse Private Fund Group.