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Paul Hickman passed away. This is the full obituary where you can share condolences and memories. Published in the The Eagle Tribune on 2023-10-08.

Paul Hickman passed away. This is the full obituary where you can share condolences and memories. Published in the Andover Townsman on 2023-10-05.

Hong Kong-based Affinity Equity Partners has paused plans to launch a so-called continuation fund enabling itself and its investors to sell down their shares in companies because of unfavourable market conditions, said two people with knowledge of the matter. A continuation fund is a new investment vehicle created by a private equity (PE) firm to transfer holdings of some existing investments. The concept has gained traction in Asia in recent years as PE firms' exit from companies via initial public offerings (IPOs) or mergers and acquisitions became challenging.

The historically illiquid private equity market has found a new path to tradability through the private equity secondaries market and continuation funds. The secondaries market was once...

Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald's China, two sources with knowledge of the matter said. The new fund would also allow investors in Trustar's existing fund tied to McDonald's China unit cash in on their investments, said the people, who declined to be named as the information was confidential. That plan would be achieved by Trustar, formerly known as CITIC Capital, transferring some equity interest in McDonald's China from its private equity (PE) fund into ...