News & Analysis

The close of the deal comes six weeks after sister title Secondaries Investor reported the transaction was set to become the largest-ever GP-led restructuring.

Larger deals and cross-border ties-ups underscored $7.2bn worth of healthcare deals in the region.

The bank has launched a four-strong directs and co-investment team amid soaring investor demand for greater control over their private equity holdings.

The Neuberger Berman unit has not set a hard-cap for the vehicle but is unlikely to exceed $6bn, PEI understands.

Investments from the mandate awarded by Australia’s superannuation fund Rest to QIC will be mostly in the US, Europe and Asia-Pacific.

The bank's equities portfolio was up 34%, a year after receiving an extension on its Volcker Rule divestment obligations.

The bank has included a mid-market PE fund and a tech-focused fund on a short list of target commitments to be made on behalf of a high-net-worth investor base with a growing appetite for the asset class.

Asset manager Oddo BHF has acquired the fund of funds unit in its first foray into private equity.

Environment, social and governance integration is market-specific, and Japan has the fastest uptake, says the firm’s global head of ESG Emily Chew.

The vehicle – which was launched in 2016 – has already completed three deals and is over halfway invested, founder Crevan O’Grady tells PEI.