Adam Le
A few dozen positions held in the 2005- and 2007-vintage Sankaty Credit Opportunities Funds II and III were moved into a separate vehicle in a deal that closed in early June.
The investment firm will commit to Bridgepoint's latest credit fund as part of the deal.
The private debt firm has hired a Secondaries Investor Young Gun as a principal.
Meteor5 Capital, which counts Mounir Guen, Loren Boston and Spanish private equity veteran Javier Loizaga among its partners, is raising a fund to back emerging managers.
The US insurer has already received first-round bids for the bundle of stakes it wants to sell on the secondaries market.
A sole buyer acquired two separate credit funds as part of a clean-up in the bank's private investment arm.
Glenn Youngkin and Kewsong Lee will take over in January as David Rubenstein and Bill Conway become co-executive chairmen.
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The €650m deal involved moving assets from Recovery Fund 2008, which counted Teachers' Retirement System of Louisiana as an investor, into a new vehicle managed by the mezzanine firm.
The US pension acquired four stakes in Crescent Capital and Czech Asset Management funds, documents from its latest investment committee meeting show.
Asia is ‘more a priority than anywhere else’ for the C$126bn Canadian pension manager’s next overseas presence, its chief executive and president told PEI.