Lloyds sale revamps PE secondary market potential

Author: IFLR Correspondent | Published: 23 Aug 2012
Coller Capital’s acquisition of £1.03 billion of private equity assets from Lloyds Banking Group, along with £22 million of undrawn commitments, is the largest unsyndicated secondaries deal ever completed.

It is indicative of the secondary market’s growing popularity as an acceptable way to move capital around.

The agreement, which is part of Lloyds’ attempts to reduce non-core assets...