Madeleine Farman
Madeleine Farman is the editor of PEI Group’s Secondaries Investor title based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
A high-quality, single asset continuation fund transaction is a golden opportunity for cash-strapped LPs in search of liquidity. As a result, some transactions are having a hard time coming up with enough buyside capital.
The top 10 known commitments to 2022-vintage secondaries vehicles totalled $4.77bn, buoyed by ADIA’s whopping $4bn commitment to Ardian’s ASF IX.
The firm took up a managing director from its founder's old employer, while tapping three other firms to expand its platform.
Eurazeo and Pantheon are also understood to be participating in the transaction in the buyout firm's 2013-vintage Fund IV.
LP portfolios accounted for close to half of the roughly $106bn in volume last year, according to the advisory firm and placement agent's 2023 Secondary Market Overview.
The appointment comes as former secondaries head Sabina Sammartino leaves after eight years at the placement agent and advisory firm.
Sabina Sammartino has led the advisory firm and placement agent's secondaries practice since joining in 2015.
Coller Capital is the latest firm to formalise its push to attract more individual capital – and provide such investors with a way to beat the J-curve.
Our downloadable presentation shows closed secondaries funds in 2022 by region and strategy, as well as the largest funds in market.
The placement agent has hired former managing director Nick Hatch to advise on LP-led and GP-led opportunities.