Alex Lynn
Astrea V is backed by cashflows from a diversified pool of private equity funds managed by firms including KKR, TPG and Warburg Pincus.
Melissa Ackermann will bolster Multiplicityโs deal-sourcing activities in the asset class.
The market is too competitive and those who bought stakes after the global financial crisis look like 'super smart money' now, the $65bn fund's director of investments Stephen Moseley tells Secondaries Investor.
KKR, Warburg Pincus and TPG-managed funds are included in the Singaporean state investor unit's latest securitised offering.
Fund III is BEXโs first to offer โX sharesโ, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.
William Gilmore spent almost two decades at Aberdeen where he led its European private equity funds team.
The Neuberger Berman unit completed six GP interest deals from Fund IV last year.
Speaking on a Secondaries Investor podcast, the advisory firm and placement agent's chief executive noted that the quality of the manager can negate a drop in pricing caused by staple offers.
Private equity professionals who manage more than $20bn and have at least 16 years' experience earned $65m in carry last year.
The move follows ODDOโs April acquisition of ACG Capital, the โฌ1.8bn fund of funds and secondaries arm of ACG Group.










