David Snow

The acquisition of a firm led by former Pomona and Hamilton Lane executives is the latest franchise expansion from the increasingly competitive San Diego-based private equity advisory firm.

Philip Durden has joined former Oak Hill partner James Hale at Aldenwood Group, which next year will seek to raise a sub-$1bn secondaries fund.

The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.