Brian Cantwell
Cogent suggests the private equity secondaries market saw $27.5bn of deal volume last year – and is set to grow by another 10% in 2014.
Lexington has won the auction for 24 private equity fund interests being sold to raise cash for the Irish government’s fiscal stimulus package.
Secondaries specialist Vision Capital has promoted Samer Cortas as it continues to invest Fund VII.
The fund of funds manager fell just shy of its $1bn target.
The firm is targeting €400m for the European fund of funds, 40% of which is earmarked for secondaries.
Backed by LPs including former parent Allianz, one-third of the fund has already been invested.
More than 14% of all secondaries deals last year were real estate purchases, according to Toronto-based advisory firm Setter Capital.
Viswanathan Parameswar will now oversee all the firm’s Asia investments.
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