UBS Pension Fund related stories
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Secondary market slows down in final monthsThe secondary market had supported deal volume of about $13bn in the first half of the year, but slowed over the summer and hasn’t picked up much velocity in the second half.
- FountainVest raises $1.35bn for China
The Frank Tang-led firm has hit the hard-cap for Fund II, with commitments from LPs including the WSIB, CPPIB and OTPP.
- Cantor Fitzgerald launches private equity arm
The US interdealer broker is joining the ranks of institutions with a buyout fund to invest on its own and alongside clients and has hired a veteran banker to spearhead its efforts.
- Wisconsin shops $720m portfolio
The state investment board wants to reduce its exposure to the largest funds in the market and is selling stakes in funds managed by KKR, Charterhouse, Carlyle and Blackstone.
- GIC gears up for first major secondary sale
The sovereign wealth fund is using the secondary market for its first-ever intermediated sale of private equity stakes as it works to trim down the size of its portfolio. UBS is running the process.
- Temasek hires UBS CFO as European president
John Cryan, the former chief financial officer of Swiss investment bank UBS, has become the latest banking figure to join Singaporean sovereign wealth fund Temasek.
- Triago exec to launch own firm
Jérémie Le Febvre believes more GPs will bring fundraising in-house, having parted company with the Paris-based placement firm.
- EQT seals fifth exit as final close nears
European buyout firm EQT has agreed its fifth exit of the year, selling a Finnish technology business for €195m. The deal comes as the firm prepares a final close for its latest €4.75bn buyout fund.
- CapDyn's Brazil head moves to Hamilton Lane
Hamilton Lane has opened an office in Rio de Janeiro led by Felipe Caldas, who last year had been named Capital Dynamics' Brazil head. Former CapDyn executive Ricardo Silva also joins him.
- Switzerland opens new front in currency war
Switzerland's attempts to help its exporters by promising to cap the value of the franc could have negative consequences for private equity firms operating in the eurozone.