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.
Alts now account for nearly one-fifth of the firm’s $1.37trn assets under management, driven by manager acquisitions and inflows from the wealth channel.
The firm is also seeing 'exciting opportunities' in the opportunistic side of the business including real estate secondaries and structured equity, according to chief executive Michael Arougheti.
Patria has been preparing to formalise and widen its secondaries business, Secondaries Investor has reported.
The firm expects to hold the final close on Lexington Capital Partners X at the end of the year.
The European direct secondaries specialist enjoyed a re-up rate of over 100% for Fund XI.
The listed firm, which is on the fundraising trail for its continuation fund business, seeks to address the 'enormous' demand for capital for GP-leds, says co-CEO Doug Ostrover.
More LPs in Asia-Pacific are willing to cash out in a sponsor-initiated process to accelerate distributions than their North America and European counterparts.
Fewer investors are using the secondaries market to lock in returns or to refocus their portfolios on the best-performing managers, compared with six months ago.
The appointment is part of a raft of wider moves at the placement agent and advisory firm, including the departure of one of its co-founders.
The US regulator's vote this week to require greater disclosure from private fund sponsors is the tip of the upcoming regulatory iceberg.
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