Experience

• Fund Formations

  • A major international financial investor in the formation of a €1 billion+ global infrastructure fund.
  • LeapFrog Investments in its $500 million partnership with Temasek, including Temasek taking a minority stake in LeapFrog, and a multi-fund investment by Temasek to anchor LeapFrog’s future funds.
  • LGT Capital Partners in the formation of Crown Global Secondaries V, a $4.5 billion private equity secondaries fund.
  • LeapFrog Investments in the formation of LeapFrog Emerging Consumer Fund III, a $700 million emerging markets-focused impact fund.
  • Tishman Speyer in the formation of Tishman Speyer European Real Estate Venture Fund VIII, a €750 million Europe real estate fund.
  • Baring Vostok Capital Partners in the formation of Baring Vostok Private Equity Fund V, a $1.5 billion Russia CIS buyout fund.
  • Deutsche Bank in the formation of Deutsche Bank Secondary Opportunities Fund III, a $1.65 billion U.S. and Europe secondaries fund.
  • Deutsche Bank in the formation of Deutsche Bank Secondary Opportunities Fund II, a $614 million U.S. and Europe secondaries fund.
  • Exponent Private Equity Partners in the formation of Exponent Private Equity Partners III, a £1 billion UK buyout fund.
  • Morgan Stanley and Petroleum Equity in various infrastructure and energy fundraising and co-investment activities.

• Secondaries

  • LGT Capital Partners as co-lead investor in an £840 million continuation fund sponsored by Pollen Street Capital to acquire existing stakes in insurance and tech assets.
  • StepStone Group in its role as senior lead investor in a €563 million continuation fund established by Ufenau Capital Partners to acquire two existing assets from Ufenau V.
  • The largest investor in a $190 million concentrated portfolio continuation fund sponsored by a U.S. mid-market buyout firm.
  • Pantheon as lead investor in Ergon svt Long Term Value Fund SCSp, a €270 million single-asset fund invested in svt, the leading European provider of passive fire protection products, installation and restoration management services.
  • Ardian and Pantheon as co-lead investors in a €1.2 billion annex fund, sponsored by Antin Infrastructure Partners, to buy minority stakes in four assets held by Antin’s 2016-vintage Fund III.
  • Exponent in a £125 million preferred equity facility for Exponent Private Equity Partners III, a £1 billion buyout fund.
  • HarbourVest Partners and Pantheon as investors in 3i’s GP-led single asset fund restructuring, one of the largest-ever such transactions which involved moving Action, with a post-discount enterprise value of €10.25 billion, to a continuation vehicle.
  • A European private equity firm in a fund recapitalisation.
  • A leading secondaries fund sponsor in its acquisition of a portfolio of private equity fund interests held by a European fund of funds sponsor.
  • The sponsor of a leading European mid-market buyout fund in a contemplated tender offer process for one of its funds.
  • Glendower Capital in its role as part of a consortium of blue-chip institutional investors to invest approximately $530 million in six companies controlled by Argonne Capital Group.
  • A secondary opportunities fund in its hybrid NAV/capital call facility of around $170 million, providing for a combination of term and revolving debt, among other things, to refinance an existing capital call facility.
  • A secondaries investor as the lead investor in the recapitalization of two “end-of-life” funds, sponsored by the same manager, in a merger transaction designed to offer liquidity to existing investors.
  • Newport Global Advisors in the recapitalization of Newport Global Opportunities Fund LP. In the transaction, investment funds managed by Morgan Stanley, LGT Capital and other syndicate investors committed capital to a newly formed Newport-managed fund that acquired substantially all of the portfolio of the existing fund. Existing limited partners elected to either roll their interests into the new fund or receive cash in respect of their interest.