Ardian seals $4.3 bln in secondary deals - Reuters

Private equity firm Ardian has spent $4.3 billion on acquiring stakes in buyout funds since September last year, writes Reuters. Expectations that banks would need to offload their stakes in private equity because of stricter capital rules following the financial crisis, as well as a rise in demand for liquidity among other investors in the buyout industry, has encouraged a rush of firms to launch secondary vehicles.

DealsNorth AmericaUSBriefs