Home US

US

Blackstone to become corporation after Trump tax cuts

New status is expected to widen the range of US and foreign owners of Blackstone’s stock.

BlackRock continues secondaries build-out

The world's largest asset manager has added a director and an associate to its growing secondaries team.

HarbourVest’s Dover Street X terms revealed

The investment firm is offering an annual fee reduction of 5 basis points to LPs that commit to Dover Street X before the end of May.

CalSTRS re-ups in Ardian’s latest secondaries fund

The US's second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm's previous secondaries programme.

Landmark buys minority stake in tech GP

The secondaries firm, along with investment manager Wafra, has acquired a stake in Siris Capital Capital Group and will fund the repurchase of another minority stake sold at the firm's inception.

Whitehorse races towards $1.5bn target for Fund III

The preferred equity specialist has raised almost $1bn for Whitehorse Liquidity Partners III, which launched in November.

Florida SBA’s secondaries sale boosted 2018 private equity returns

Offloading a $1.3bn portfolio to Ardian helped push the pension system to a since-inception DPI capital ratio of 1.0x.

Siguler Guff’s secondaries head departs – exclusive

Managing director Tony Cusano was listed in Secondaries Investor's 2017 Young Guns of Secondaries ranking of the most impressive professionals in the industry under 36.

Neuberger raises at least $400m for debut RE secondaries fund

The firm entered the real estate secondaries market in 2017, bringing in Deutsche Bank's Scott Koenig to lead the build-out.
Raphael Haas

How multi-buyer sales processes can provide higher pricing for sellers

San Francisco-based Melting Point Solutions seeks to maximise pricing for sellers by seeking bids for single items as well as whole portfolios. Raphael Haas, the firm's chief executive, talks to Secondaries Investor about why multi-buyer sales can deliver better pricing for sellers and why non-dedicated buyers can provide outlier pricing.

Copyright PEI Media

Not for publication, email or dissemination