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Elizabeth Wu

StepStone tapped its latest secondaries fund to acquire George Kaiser Family Foundation's entire stake in the six-asset vehicle.
The global investment firm is seeking double the target of its predecessor secondaries fund, according to documents from a US pension which also revealed the fund's terms.
The $300bn pension fund has hired Washington State veteran, Marcie Frost, as chief executive after the previous one retired.
The new hire will be involved in the firm’s investment strategy for primaries, secondaries and co-investments.
Gabriel Boghossian will lead a GP-led restructurings and direct secondaries practice at the law firm.
With the implementation of the Volcker Rule just 12 months away, banks are increasingly under pressure to reduce their private equity holdings.
The firm took nine months to hold the final close on Auda Capital VII which specialises in primary and secondaries investments in the US and Europe.
The secondaries firm acquired the two stakes from German foundation Max Planck and Royal London Mutual Insurance Society.
Harvey Lambert, a 25-year finance veteran who left PineBridge in 2012, will head the Spanish firm’s new US office.
The purchase included stakes in at least seven private equity funds managed by some of Europe's top firms including 3i, IK Investment Partners and Cinven.
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