Secondary Transactions on Pace to Reach $100bn This Year

Secondary Transactions on Pace to Reach $100bn This Year

The market for secondhand stakes in private-markets assets is expected to hit a milestone this year, as strong investment performance has encouraged more institutional investors and fund managers to explore sales. Buyers and intermediaries say this year they expect...
Appian Scores Hefty Returns on Brazilian Mine Sales

Appian Scores Hefty Returns on Brazilian Mine Sales

Private equity firm Appian Capital Advisory is poised to generate a 60% internal rate of return from the sale of two Brazilian mining companies, benefiting from rising demand for metals used in electric-vehicle batteries, according to people familiar with the matter....
NEA Shifts Its Strategy for $7bn Fundraise

NEA Shifts Its Strategy for $7bn Fundraise

New Enterprise Associates is raising a total of about $7bn for a pair of funds, one for early-stage startup deals and another for later-stage rounds, according to people familiar with the situation. The effort represents a change to NEA’s longtime strategy of...