Carmela Mendoza
Carmela Mendoza is a senior reporter for Private Equity International based in London. She first joined PEI in Hong Kong in 2015 and covered Asia. A graduate of Ateneo de Manila University, she previously worked for a digital agency in Singapore focused on government websites and publications covering business, trade and industry, transport, and social development.
The €2.3bn Fund V has raised more than double the amount of its 2021-vintage, €1bn predecessor.
Investors expect the number of tail-end vehicles still holding assets to rise amid ongoing liquidity pressures and difficulties in GPs differentiating themselves.
Increased appetite from Institutional investors, access to liquidity and the proliferation of bespoke structures have accelerated change in fund finance, according to panellists at the European Fund Finance Symposium.
The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.
AltamarCAM's secondaries capabilities were particularly attractive at a time of heightened interest in liquidity, Mercer's Michael Dempsey tells affiliate title PEI in a Q&A alongside Jose Luis Molina.
Temasek’s Azalea Investment Management expects more GPs to use the technology to crystallise liquidity for LPs, according to managing director Justin Keh.
The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.
As part of the tie-up, Amundi will pick up a 9.9% stake in London-based ICG by June 2027.
The London-based asset manager is also in the market with the second vintage of its LP-focused secondaries fund.
Inflows gathered by Carlyle AlpInvest accounted for 38% of the alternatives giant's overall capital raising during the second quarter.