Madeleine Farman
The firm held a fourth close on the fund in the first quarter, bringing in just under $300m in commitments, managing director Brian Gildea says on Hamilton Lane's full fiscal year earnings call.
The programme includes the close of Global Secondary Fund 7, as well as other commitments from Adams Street entities that will be deployed into secondaries deals.
The companies involved are housed in FSN Capital V, which closed in 2016 on €1bn, Secondaries Investor understands.
The transaction, which saw AlpInvest and HarbourVest as co-leads, was oversubscribed with One Equity having to turn investors away and cut back its existing investors.
Greenhill's private capital advisory unit, which advises on LP and GP-led secondaries transactions, will be included in the acquisition.
The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.
Secondaries Investor speaks with Marc Lipschultz, co-founder and co-president of Blue Owl, on the back of its appointment of a former Goldman Sachs partner to lead the strategy.
David Overton will be joined by two investment professionals who will relocate from the secondaries firm's Switzerland headquarters.
Dominik Woessner joins from GP advisory firm Thrive Alternatives, where he spent two years as a managing director.
Oakley is seeking to continue its hold of German university group IU Group, which it initially backed in 2017.
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