HarbourVest Partners related stories
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LPs don't want to share deal feesWhile some GPs argue that the several forms of 'deal fees' are needed to support the operations of the firm, many LPs are pushing for 100% of these fees to go toward offsetting management fees.
- JPMorgan collects $1bn for secondaries
The firm raised more than $1bn via two traditional private equity funds, while its listed fund of funds recently raised nearly $100m for fresh secondaries deals.
- 3i extends credit facilities amid deal slowdown
Against a ‘fragile’ economic backdrop, the listed firm continues to sell assets and invest only in existing portfolio companies.
- NZL Super to back smaller growth companies
The New Zealand Superannuation Fund will allocate capital to managers investing in smaller high-growth companies with an enterprise value of between NZ$15m-NZ$50m.
- 3i agrees VC asset sale with Coller, HarbourVest consortium
The secondaries firms have established a £170m fund to acquire assets from 3i that will be managed by DFJ Esprit's nascent secondaries arm, Encore Ventures.
- Shackleton offloads former 3i venture stake
The direct VC secondaries firm has exited mobile payment business Macalla a year after making the investment.
- Allsopp lands at Campbell Lutyens
Richard Allsopp, who established and led UBS’ private placement division for 10 years, will join the London-based boutique as it further expands.
- Encore Ventures to snag trio of 3i partners
Several 3i partners will join DFJ Esprit’s venture secondaries arm, which will manage a portion of 3i’s European VC assets with backing from Coller and HarbourVest.
- LPs push GPs for higher deal fee offsets
LPs would like to see 100% of the transaction fee be used to offset the management fee, but GPs say the money is needed to run their firms.
- Palamon’s ReD makes £50m sale
The card services business, which was acquired by Palamon in a 2006 take-private, has sold its UK and Irish fuel payment divisions to another private equity-backed company.