Situation
A large well-known family office was interested in selling, for liquidity purposes, a portion of its limited partnership interest in a private equity fund along with four direct co-investment positions.
Solution
Griffin was engaged as exclusive secondary advisor to run a confidential, competitive, limited process to seek a buyer for the private equity fund limited partnership position and the four co-investment positions. Griffin received substantial interest from several potential buyers and in just over one month, was able to select the winning bidder and successfully close the transaction. The total secondary transaction value was $18,039,152, representing a premium to net asset value.
For more information on this transaction, please contact Paul F. Delaney, Senior Managing Director, at 646.254.6397, or W. Mitchell Fenimore, III, Senior Vice President, at 646.254.6395. For more information on Griffin’s services in general, contact any one of our investment banking professionals.
