Madeleine Farman
The rationale for the deal is to provide liquidity to investors in older funds while still holding the assets.
Blackstone Capital Partners IX, which had secured $16.62bn at the end of the second quarter, will reach the 'low-$20bn range,' president and COO Jonathan Gray said on the firm's Q2 earnings call.
-80x80.jpg "Insight Partners stung by $1.5m SEC fine")
The regulator said Insight charged excess management fees by inaccurately calculating management fees based on aggregated invested capital at the portfolio company level instead of at the individual portfolio investment security level.
The average number of secondaries transactions advised on sat at 24 in a year where overall secondaries market volume was estimated at around $110bn.
There is misalignment between investors and GPs on the topics of obstacles, red flags and expectations, a Capstone survey finds.
The offering will combine JPMorgan’s investment banking services and Campbell Lutyens’ global placement and secondaries advisory platform, the two firms tell Secondaries Investor.
The Carlyle unit's Atom Fund comes as the firm bids farewell to one of its co-heads and focuses more on credit.
The volume of PE secondaries vehicles holding final closes between January and September this year dropped 49% year-on-year, according to Secondaries Investor data.