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Cipio Partners' Roland Dennert discusses the kind of deals he is seeing, the problem with unicorns and how a maturing tech industry is likely to mean larger funds in future.
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, Secondaries Investor has learned.
Ardian had a 50% interest-free deferment on the purchase price, to be repaid on 31 December.
Hans Swildens is chief executive and founder of the venture capital-focused fund of funds and secondaries specialist. He speaks to Secondaries Investor about who's selling what, the rise of corporate spin-outs, and how small and complex rules the day.
The firm is more than 85% of the way to its target for Opportunities Fund III, which invests in direct secondaries in Europe and North America.
The Israel-based fund of funds has just closed its fourth secondaries fund on $215m. Co-founder Alan Feld discusses the opportunities he is seeing in the market and how secondaries investors need to do more for the companies and GPs they work with.
The 80% invested fund has closed 26 secondaries deals.
The Nordic direct secondaries firm acquired the interest in Exensor in 2013 when it acquired the remaining assets of a 2000-vintage VC fund.
The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.
Lower price expectations drove an 18% increase in direct secondaries transactions during the first half of the year, according to a report by NYPPEX.