"There is a huge amount of value being created at the GP-level of many successful private equity firm and that value is not necessarily shared in by the investors in the funds". Rede Partners' Gabrielle Joseph shared her thoughts with Private Equity News commenting on funds targeting GP stakes and the appeal it presents to some LPs.
Three Hills Capital Partners has announced the closing of a €192m GP led secondary transaction, involving the creation of two new funds, to raise fresh capital from new institutional investors for some of the firm’s high growth portfolio assets. The transaction with Idinvest Partners provides further support for the diversified portfolio, which includes two of the Sunday Times’ top 200 UK companies by growth of international sales, Genius Sports Group and Sigma. Well done to all involved!
Wise Equity has held a first and final close for its fifth fund at its hardcap of €260m less than two months post launch. Rede Partners is proud to have partnered once again with Wise Equity, having worked together previously on the fundraise for Wisequity IV (2016). Congratulations to the whole team at Wise
We are delighted to announce the promotion of Kristina Widegren to the role of Partner, joining co-founders Scott Church and Adam Turtle in the firm's partnership. As a Partner, Kristina will be responsible for leading Rede's European investor coverage and will also pay an integral role in Rede's client relationships. Over the last six years, Kristina has played an instrumental role in growing Rede and ensuring our ongoing success. Congratulations Kristina on this well-deserved promotion!
Kristina Widegren Promotion Press Release July 2018 final.pdf
In a transaction totalling $87 million, MTN Group, the South Africa‐based telecommunications company, has sold its interest in Digital Prosperity Fund I and an allied co‐investment vehicle for TravelStart Group, both managed by Amadeus Capital Partners, to HarbourVest. Digital Prosperity Fund I is a 2013 vintage fund containing interests in 10 companies, operating in India, Brazil, Turkey and other emerging markets. MTN was the largest investor in fund. HarbourVest will support the future growth of the portfolio, which will continue to be managed by Amadeus.
We are very proud to announce that Rede Principal Sabrina Malpas has been named one of Private Equity International's Future 40. Sabrina was praised for her "calm demeanour, strategic vision, keen sense of intuition and ability to make tactical adjustments". Congratulations Sabrina!
Rede Partners is delighted to announce that it has been recognised as Placement Agent Of The Year by the British Private Equity Awards 2019. We also extend our warmest congratulations to five of our outstanding clients who also won awards: Alchemy Partners, Ambienta, Hg, Nordic Capital and Summa Equity.
Private equity firms are upping fundraising sizes and pushing hard on terms as managers prepare for a change of fortune. How long can it last? Rede's Head of Due Diligence Gabrielle Joseph spoke to Real Deals to discuss current fundraising trends.
Summa Equity has announced the final close of the firm’s second fund with commitments of SEK 6.5 billion. Fund II surpassed the original target of SEK 5 billion and closed at its hard cap after four months of active marketing. Eight new top tier institutions have joined the Summa family for Fund II including six new North American LPs. Rede Partners is very proud to have again partnered with Summa for the raise of Fund II, having worked together from the earliest stages of the firm's inception in 2016 to raise Summa's debut fund. Congratulations to the whole Summa team
Three Hills Capital Partners have announced the final close of Three Hills Capital Solutions III at €540m - significantly in excess of the original target of €400m and close to three times higher than its prior fund. The fundraise for Fund III marks the first time that THCP has offered access to institutional investors. Congratulations to the whole Three Hills team.
Three Hills Capital Partners have announced the final close of Three Hills Capital Solutions III at €540m
Congratulations to Verdane on closing Verdane X at SEK 6bn. After a rapid fundraise and strong demand from existing and new investors the fund closed at its hard cap in January. With commitments from leading global university endowments, foundations, insurance companies, family offices, government agencies, as well as private and public pension funds, the fund is the largest Verdane vehicle raised to date. We are very proud of our long-term association with Verdane, having also worked on Verdane Edda (2018) and Verdane IX (2016).
"LPs will be looking for GPs who can keep prices down in 2019". Rede Principal Kristina Widegren caught up with Private Equity International to discuss the outlook for PE fundraising in 2019.