Tail-End Funds

The UK pension plan born out of the bankruptcy of photography giant Eastman Kodak has offloaded stakes in Bridgepoint and PAI Partners funds, among others.

The firm, founded by an ex-Merrill Lynch Global Private Equity executive, is exploring a process involving its 2006-vintage fund which is heavily exposed to the UK consumer sector.

Data from NYPPEX and Elm Capital show holding on to the oldest of these assets might not be worth the trouble.

A survey carried out by 17Capital suggests most LPs do not feel their liquidity needs are met by the secondaries market.

The two Reiten funds have several active assets, including a business analytics company and a concrete fabrication business.

Altamar is aiming to lock in attractive prices by offloading stakes in funds managed by PAI, BC Partners and 3i, among others.

The mature portfolio includes stakes in funds managed with exposure to restaurant chain Pizza Hut and gift and card shop Paperchase.

Secondaries Investor examines the transactions that caught the eye over the last 12 months.

Deals linked to Asia-Pacific made headlines in a year when deal volume and fundraising in the region flatlined.

The firm is likely to launch a fund in the second half of 2018 spurred on by the bright outlook for the European VC market.