Launched in 2010, Fund VI’s original goal was $3.5bn, but the fundraising proved challenging, forcing the firm to reduce its ambitions and shrink its organisation as a result.
3 min read · 19 September 2013
Palladium’s investment in iconic potato chip maker Wise took a rapid nosedive when the company was hammered by the Atkins diet craze in the early 2000s.
5 min read · 19 September 2013
Vintage Fund VI, which has been targeting $5bn, was expected to close in mid-June.
1 min read · 19 September 2013
Bogdan Cenanovic was named interim head of the team, replacing Glen Silvestri (pictured), who left the Canadian pension system in July.
1 min read · 19 September 2013
Jennifer Morais has left CPPIB's funds, secondaries and co-investments team, which is working to deploy $10bn in secondaries deals over five years.
2 min read · 19 September 2013
The bankrupt city’s $2bn General Retirement System will interview Landmark and Lexington as it searches for a manager to run a $15m allocation to private equity secondaries.
2 min read · 19 September 2013
The Chicago-based firm requested more time to wrap up its fourth fund, which closed on $405m in 2000.
2 min read · 19 September 2013
TPG has received the LP support it needed to obtain by Friday for an investment period extension on Fund VI, in part by offering to use 100% of transaction fees to offset the management fee on deals done during the extension.
3 min read · 19 September 2013
The loss of Nigel Dawn to Evercore has not stopped UBS from moving forward with its secondaries business, under the leadership of Philip Tsai (pictured).
2 min read · 19 September 2013
The Pittsburgh, Pennsylvania-based firm is preparing to close its first independent fund on more than $300m.
2 min read · 19 September 2013
