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Published on: 3/24/2008
Last Visited: 3/24/2008
"There has been sufficient activity to make it of interest to us," said Elly Livingstone, a partner at private-equity firm Pantheon Ventures Ltd. of London, which has a secondary private-equity business."We've looked at a number of deals in this space."
Traditionally, banks, corporations and private-equity firms have been sellers of private-equity-backed companies in bulk.Occasionally, general partners sell portfolio companies owned by older funds that have run their course, Mr. Livingstone said.Banks and corporations are also selling now to get these long-term investments off their balance sheets, and these transactions are also increasing, he said.