News

Burness, working alongside Baker & McKenzie Paris, provided Scots law advice to AXA Private Equity on the acquisition of a $740m portfolio of funds interests from Barclays.

As part of the transaction, AXA Secondary Fund V (made up of two Scottish partnerships) will acquire a portfolio of 22 limited partnership interests in private equity buyout funds, in addition to a number of stakes in co-investment vehicles. This transaction is AXA Private Equity’s second significant transaction in a month as it continues its strategy to offer liquidity to large institutions looking to monetise their private equity investments.

For more information on the Burness funds practice please click here.