The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs' desire a genuine 'do nothing' option.
Head of IR management Laura Coquis said including a status quo option was vital to the success of the BC Partners' GP-led process.
Denver head Anthony Shontz has replaced Adam Howarth as co-chief of private equity integrated investments for the Americas region.
The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle.
The buyout firm is no longer proceeding with its proposal to move assets from Apax Europe VII into a continuation vehicle, sister title Secondaries Investor has learned.
The lower- and mid-market-focused firm had hired Greenhill Cogent to work on a tender offer process on its 2009-vintage fund.
Michele Russo, a Doughty Hanson and Lazard veteran who joined the buyout firm as a managing director, has left after over one year in the role, Private Equity International has learned.
Ardian has raised more than double its closest rival in our exclusive list of the world's biggest secondaries managers.
The $36bn fund reported strong private equity returns after implementing an 'aggressive' restructuring plan in December.
The potential deal involves the Scandinavian private equity firm's 2008-vintage fund which has around €2bn in NAV.