Montana Capital Partners was the sole buyer of a collection of 15 private equity fund interests across Europe and North America.
AllianzGI's credit secondaries platform seeded JCP's inaugural European direct lending fund with a recently originated private credit portfolio.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The oversubscribed vehicle provides liquidity to investors in Bridgepoint Direct Lending II, which holds a portfolio of senior secured European middle-market loans.
The Swiss manager will acquire ownership in the pan-Nordic data center platform through its infrastructure secondaries strategy.
The deal expands Flexstone's private markets platform with the addition of Glouston's North American middle market secondaries strategy.
The portfolio and single-fund sales included stakes in US-based credit funds with 2019-2022 vintages.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
The disposal to a consortium of other UK schemes was facilitated by online LP-led platform MeltX and received legal support from Willkie Farr & Gallagher and Hogan Lovells.
The LP-led deal was executed through the family office's investment arm M Eight, and represented nearly NIBC's entire private equity portfolio.
