Deutsche Bank
PE-owned Latitude cancels Australia IPO
Australia and New Zealand consumer lending business Latitude Financial has abandoned plans for an IPO that would have facilitated partial exits for its private equity owners.
PE-backed Latitude targets up to $946m in Australia IPO
KKR, Värde Partners and Deutsche Bank plan to make partial exits through an IPO of Australian consumer lending business Latitude Financial, which is expected to raise as much as A$1.4 billion ($946 million).
Secondaries: Stick or twist?
After several years of rapid growth, secondaries volumes slowed in the first half of 2016, while fundraising reached an all-time high. Opinion is divided on the prospects for an increasingly nuanced market
Asian outlier: Standard Chartered and secondaries direct
Over the past three years, Standard Chartered has completed Asia’s largest secondary direct deal and put its PE unit in a position to raise fresh capital. But it is not necessarily a harbinger of things to come
Renminbi secondaries: An underpenetrated market
Plenty of Chinese high net worth individuals want to sell LP interests in renminbi funds. Local and foreign secondaries managers would like to take advantage, but they are held back by an immature market
Secondaries: A ticking clock
All the talk of a swath of GP restructurings in Asia has yet to become reality. As India and China funds raised during the heady times inch closer to the 10-year mark, are we about to see a breakthrough?
KKR consortium buys GE’s Australia consumer finance unit
A consortium comprising KKR, Värde Partners and Deutsche Bank has agreed to buy GE Capital’s Australia and New Zealand consumer lending unit for an enterprise valuation of A$8.2 billion ($6.3 billion).
Deutsche AWM raises $1.65b for global secondaries fund
Deutsche Asset & Wealth Management (DeAWM) has reached a first and final close on its third global secondaries fund at the hard cap of $1.655 billion.
DeAWM hires ex-Paul Capital executive for Asia secondaries
Jason Sambanju, formerly co-head of Asia at Paul Capital Partners, has joined Deutsche Asset & Wealth Management (DeAWM) as head of Asia secondaries.
StepStone reaches $450m close on secondaries fund
StepStone has held a final close of $450 million on its global secondaries fund. The vehicle, StepStone Secondary Opportunities Fund II, exceeded the original target of $350 million with commitments coming from public and corporate pension funds, insurance...
Deutsche Bank raises $614m for global secondaries fund
Deutsche Bank has reached a final close of $614 million on its second global secondaries fund. The vehicle exceeded its target of $500 million, with commitments coming from insurance companies, public and corporate pension plans and family offices.