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Challenges and opportunities in European direct secondaries

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.

Terra Firma direct secondaries head departs

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.

Unpicking the Mubadala stapled deal

Ardian had a 50% interest-free deferment on the purchase price, to be repaid on 31 December.

Industry Ventures’ Swildens on VC secondaries

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.

SwanCap nears final close on third fund

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.

Three questions with Vintage Partners’ Alan Feld

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.

Portfolio Advisors holds final close on RE FoF

The 80% invested fund has closed 26 secondaries deals.

Verdane exits Swedish defence company

The Nordic direct secondaries firm acquired the interest in Exensor in 2013 when it acquired the remaining assets of a 2000-vintage VC fund.

Penn SERS commits $100m to Asia Alternatives

The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.

NYPPEX: darkening sentiment drives directs volumes

Lower price expectations drove an 18% increase in direct secondaries transactions during the first half of the year, according to a report by NYPPEX.