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LPs had the option of cash out their stakes for full or partial liquidity or rolling their interests in the fund into the continuation pool. 
The deal allowed existing investors in the two funds-of-funds to cash out of their stakes in the pools while giving the GP more time to manage the underlying portfolios.
An initial $200m was made in a portfolio of five underlying Colony Credit Real Estate interests.
Pantheon and Aberdeen Standard Investments led the deal alongside other investors.
Bott most recently was managing partner and head of investor relations at BC Partners, where he led fundraising for 10 years.
Other investors included Altamar Capital Partners and Overbrook A. Capital Group.
Whitehorse and HarbourVest line up as buyers Sun is in market with its seventh fund Fund VI is generating net IRR of about 42 pct Sun Capital Partners is running a process on its sixth fund that would allow existing investors in the fund to cash out of their stakes, three sources told Buyouts. At […]
Howard Marks, Oaktree
Total NAV of deal is about $1.2 bln Deals had total of six total buyers Oaktree acquired Ports America through purchase of Highstar Pantheon is leading a deal that will give Oaktree Capital Group more time to manage an asset called Ports America, which it inherited when it acquired infrastructure group Highstar, sources told Buyouts. […]
Portfolio valued at $250 mln to $500 mln: sources Includes two TPG funds System has been building up direct investment capabilities British Columbia Investment Management Corp is selling a portfolio of private equity fund stakes valued between $250 million and $500 million, two sources told Buyouts. The portfolio includes stakes in some large buyout funds, including […]
Accel-KKR, private equity
Three assets remain in Fund III Proposed deal is at premium over NAV Firm raised $600 mln in 2008 Goldman Sachs and Government of Singapore’s sovereign fund (GIC) are leading the restructuring of Accel-KKR’s 2008 fund, two sources told Buyouts. Adams Street Partners is also a lead buyer on the deal, two sources said. Pricing […]

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