Tail-End Funds

Higher public exposure and limited upside in tail-end fund stakes will drive pricing further apart for good- and poor-quality assets, according to a new report.

Tail-end opportunities, the beauty of volatility and the proliferation of GP-led transactions were among the topics broached at an industry event in London this week.

The SEC’s Igor Rozenblit explained last week at a PEI event in New York why some end-of-life situations can create conflicts of interest, particularly regarding fees and expenses.

A generational boom in fund liquidations could prompt an explosion in direct secondaries activity.

Madrid-based Arcano bought the growth stakes through its latest secondaries fund, which is at least 50% invested.

After five months of fundraising, the London tail-end specialist has held a final close above its initial hard-cap.

Stakes in mature funds managed by top quality GPs delivered greater returns than younger vintages, according to a study by PERACS.

James Jupp and Jennifer Galloway are the latest hires at the London firm that specialises in tail-end acquisitions and direct investments.

The insurance company unloaded interests in at least six European funds, mostly tail-end, to PineBridge and Akina.

The firm has acquired a bundle of tail-end interests from Europe's largest financial services group.