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.
Triton will look to carve out four assets from its 2013-vintage fund to provide additional capital for further investment in the businesses.
Secondaries fundraising dipped 30 percent year-over-year in the first half, with $31.2 billion raised, according to preliminary data from Secondaries Investor.
Investors have pulled back on deploying capital in 2022, but the long-term trajectory for GP-led transactions is positive, Campbell Lutyens' Gerald Cooper and Immanuel Rubin tell Secondaries Investor.
The real assets specialist is in market with its fourth infrastructure secondaries fund, which has raised €580m of a €750m target.
The firm, which is seeking as much as $585m for Keyhaven Secondaries Fund III, also made two hires last November.
The vast majority of deals from Israel Secondary Fund III, which is more than triple the size of its predecessor, are expected to be direct secondaries and GP-leds.
Kristof Van Overloop has been promoted to managing director, having joined the firm in 2020 to head up secondaries investments.
Of the sellers, 12% said they had tapped the secondaries market to offload private credit fund interests more than once.
Secondaries-focused PA Capital joined forces with New York Life’s private equity affiliate GoldPoint Partners and lender Madison Capital Funding, rebranding as Apogem Capital in April.
The transaction involves the asset manager and other institutional investors acquiring a structured minority interest in a portfolio of assets as part of the UBS-advised deal.