Chris Witkowsky

Dallas ascribes a strong environment for new firm formation to a few factors, including, perhaps surprisingly, the rise of continuation funds, along with growing LP appetite.

Andrei Brougham has agreed to join Goldman’s secondaries advisory unit as it seeks to bulk out its European capabilities, Secondaries Investor understands.

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.

The €590bn Dutch pension manager's sale is a re-engagement with the market after the system pulled a similar offering last year.

Bids on the portfolio were due this week, with the expectation that the process closes by end-September.

Venture/growth represented about 8% of GP-led volume in the first half, which matched the full-year volume of last year, according to Jefferies' recent volume report.

The Dutch pension administrator's sale is part of a wave of sales processes that institutional investors are using to help manage their programmes amid an exit drought and a slowdown in distributions.

The firm is understood to be running a process to move the vegetation management services company out of its $934m Fund IV and into a new vehicle.

Available secondaries capital grew to a record high of $302bn in the first half, with aggregate NAV of retail vehicles managed by secondaries investors surpassing $80bn as of March, according to a report from Jefferies.