Electra Partners, which manages the portfolio of London-listed Electra Private Equity, has acquired interests in two private equity funds at a discount to net asset value (NAV) as part of its secondaries platform, Secondaries Investor reports.
The private equity firm acquired the stakes for £7 million ($10 million; €9 million), according to a statement.
“These latest secondary fund purchases show how we are continuing to make use of our flexible investment strategy to deploy Electra’s capital in attractive new assets,” Chris Hanna, a partner at Electra who works on the firm’s secondaries portfolio, said in the statement.
The two funds are cash generative and have mature underlying assets.
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