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Fund restructuring: a source of friction

The fact that Apax Partners shelved plans for its GP-led secondaries process shows that LPs' desire a genuine 'do nothing' option.

BC Partners: investors should be able to ignore GP-led processes

Head of IR management Laura Coquis said including a status quo option was vital to the success of the BC Partners' GP-led process.

Partners Group’s Shontz becomes primary and secondaries co-head

Denver head Anthony Shontz has replaced Adam Howarth as co-chief of private equity integrated investments for the Americas region.

HarbourVest to back Innova restructuring

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.

Apax pulls GP-led deal

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.

​Portugal’s Explorer struggles to close staple

The lower- and mid-market-focused firm had hired Greenhill Cogent to work on a tender offer process on its 2009-vintage fund.

Terra Firma loses another MD

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.

SI 30 ranking: secondaries on the up

Ardian has raised more than double its closest rival in our exclusive list of the world's biggest secondaries managers.

Harvard endowment posts ‘disappointing’ results

The $36bn fund reported strong private equity returns after implementing an 'aggressive' restructuring plan in December.

Nordic explores GP-led process on Fund VII – Exclusive

The potential deal involves the Scandinavian private equity firm's 2008-vintage fund which has around €2bn in NAV.