The Swiss bank will not fill Gerald Cooper’s position after the co-head departed for Campbell Lutyens in mid-August, Secondaries Investor has learned.
The founder of Eaton Partners, which has worked on Landmark Partners’ and Partners Group’s fundraising, says the proliferation of sovereign wealth funds as private equity investors helps offset pension fund bans on placement agents.
Limited partners in the Russian private equity firm’s 2000-vintage fund will decide by early September if they want to sell their stakes, Secondaries Investor has learned.
The investment manager is in market with at least six vehicles including a dedicated secondaries fund and a real estate fund of funds.
This is the pension’s first commitment to funds managed by the VC secondaries firm, which amassed $700m for its latest dedicated platform in June.
Total deal volume in the first half fell to around $17bn, according to the advisory firm’s mid-year report.
We reveal what’s on the summer reading list of secondaries professionals at Intermediate Capital Group, Adams Street Partners, HarbourVest Partners and Unigestion, among others.
Intermediate Capital Group and Pantheon withdrew from the process to restructure the energy-focused firm’s 2006-vintage $7.8bn fund last week.
We’re gearing up to publish our list of the most influential and impressive young minds in secondaries in mid-September.
The fund of funds manager has raised $219m for its latest vehicle after 18 months of fundraising.