Swedbank

Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.

Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.

Fund manager-turned-activist Bill Browder made his money investing in public equities in emerging markets; now he has all his capital invested in private equities in developed markets. As a man wanted dead by the Russian establishment, he has an interesting take on investment risk.

This is the second deal that Altor has made from its Fund IV, which closed on €2bn in July

The Central and Eastern Europe-focused firm joins a list of other private equity groups that have recently opted for high-yield bonds as an alternative to senior debt financing.

The Central and Eastern Europe-focused firm joins a list of other private equity groups that have recently opted for high-yield bonds as an alternative to senior debt financing.

The transaction comes as OMERS works to reduce its private equity fund commitment business and focus on direct investments.

Banks are finally starting to offload their private equity holdings – but what are the main obstacles secondaries players must overcome to get a deal done? Graham Winfrey reports

OMERS has been selling an about $780m portfolio of fund interests as it works to reduce its private equity fund commitment business and focus on direct investments.

The group's ability to source and execute deals - as demonstrated by its acquisition of a Swedbank portfolio this week - persuaded LPs to support a significant increase in AXA's latest secondaries fund.