Secondary Case Studies
Transaction Types
(click on a transaction type below to see sample case studies)
> Traditional LP Interest
> Synthetic Secondary
> Structured Transaction
| Traditional LP Interest |
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| Closed |
March 2003 |
| Seller |
U.K. Financial Institution |
- A U.K. financial institution had decided to exit the private equity investment class
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- Purchased single limited partnership interest in the offshore AIV of a San Francisco-based leveraged buyout firm
- 3 privately held companies and 1 public company at time of purchase
- 50% funded interest in a well-respected manager
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- Existing investor in its main fund; helped to identify seller
- Familiar with manager and portfolio
- Able to formulate an offer quickly and meet seller’s pricing expectations
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