Private Equity Deals & Transactions

Goldman, Morgan Stanley buy into Palamon staple

Five buyers have committed to two tail-end funds and one new vehicle in a Palamon staple deal.

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Goldman Sachs AIMS Private Equity Group and Morgan Stanley Alternative Investment Partners were among a group of investors who bought stakes in two tail-end Palamon Capital Partners funds and committed capital to a new fund managed by the firm.

Secondaries Investor reported that the group of five investors agreed to purchase stakes in 1999-vintage Palamon European Equity and 2006-vintage Palamon European Equity II, as well as invest in a new Palamon vehicle, Palamon European Equity IV. 

Goldman along with Rothschild Merchant Banking Group and Dutch pension fund manager PGGM are new investors to Palamon’s funds, while Morgan Stanley and Adams Street Partners are existing investors in the firm’s two older funds. 

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