Michael Baruch
Hamilton Lane led the transaction, the fourth inaugural continuation vehicle in the past two months.
The investment firm's president has said it is evaluating opportunities for holding on to existing portfolio companies for longer.
The investment firm is closing in on the $3bn target of its fifth flagship programme.
Continuation funds, which accounted for 85% of all GP-led transactions in the first half of this year, are becoming a more accepted liquidity option.
The secondaries giant's deployment fell 65% during the pandemic despite closing the largest secondaries capital pool on record.
The hire will work with Nick Miles, head of Europe and Asia Private Equity, based in Singapore.
The asset management arm of Abu Dhabi's second-largest SWF has sold a portfolio of assets to a group led by BlackRock and received a $400m primary commitment.
More than 90% of GP-led transactions priced at a 5% discount or better compared with only 32% of LP-led transactions, Campbell Lutyens reports.
Partner Lauren King comes from Goodwin Proctor where she was co-leader of the secondaries practice.
Ares' close of the Landmark Partners acquisition this quarter, along with strong fundraising, helped boost the firm's AUM to nearly a quarter trillion dollars.
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