Adam Le
The deal will grow Edinburgh-based Standard Life’s private equity assets more than fourfold.
The turnaround investor joins a list of wealthy businesspeople in Trump’s cabinet who must now divest millions in private markets holdings to avoid potential conflicts of interest.
A look at the performance and terms on some of the manager’s flagship funds prior to its shares beginning to trade in New York on Wednesday.
The billionaire turnaround investor becomes the first private equity industry professional to join the Trump cabinet.
Acquisition multiples reached ‘record or near-record highs across the US and Europe’ in 2016, according to a report from consulting firm Bain.
The Stockholm-headquartered mid-market firm has launched a process to restructure its 2007 fund.
The private equity firm has collected more than £3bn across two vehicles, two weeks after Private Equity International reported it was nearing final closes.
The London-based preferred equity pioneer is understood to have beaten its€900 million target.
The disposal comes after the US's largest public pension reduced ties with 24 managers through sales in FY2016.
A co-founder of secondaries advisory firm Setter has teamed up with a former managing director from Portfolio Advisors.