Kyle Campbell

A fundamental shift in capital markets is forcing many institutional investors to rethink their portfolios, creating a perfect storm for the resurgence of investor-led secondaries.

The advisory firm expects a surge in manager-led recaps to avoid forced sales or to hang on to promising assets for a longer duration.

The appointment comes a week after the Carlyle unit amassed $1.2bn for its sophomore real estate secondaries fund.

The Carlyle unit has raised more than double that of its previous vehicle.