Fortune 500 Company (Undisclosed)

Transaction: Secondary Sale of Limited Partnership Interests in Private Equity Funds
Transaction size: Undisclosed
Date closed: February 15, 2011

Greenhill was retained in October 2010 to serve as the exclusive financial advisor to the pension plan of a large corporation in connection with its potential disposition of certain limited partnership interests in private equity funds. The transaction was undertaken in an effort to improve the pension plan’s liquidity position with near-term cash proceeds and relief from a portion of its future funding obligations. Greenhill evaluated and recommended financial and strategic alternatives with respect to the timing, structure, asset selection and pricing of the proposed transaction. Greenhill furthermore recommended a proposed sale portfolio of interests that would achieve the Seller’s objectives and maximize pricing, and assisted the Seller with its pricing expectations by performing valuation on the individual limited partnership interests. The engagement involved providing transaction execution services to the Seller during a competitive, two-stage auction process, while adhering to the Seller's desire for confidentiality and discretion.