Staff Writer

The firm has agreed to buy the NYSE-listed Chinese firm at a 57.4% premium.

Michael Elio is leaving the LP trade body to become partner at the StepStone Group.

The Canada-based secondaries broker reckons $36bn of activity took place across asset classes including private equity, real estate, infrastructure and timber.

The Hong Kong-based direct secondaries firm has already closed a deal using a significant amount of the capital raised.

Michael Camacho joined the firm’s Hong Kong office in early November.

The Carlyle Group’s private equity fund of funds arm AlpInvest has raised $4.2bn for secondaries, including $750m for its AlpInvest Secondaries Fund V.

The Zug, Switzerland-based private markets investment manager is raising what is believed to be the largest global real estate multi-manager and secondaries funds ever. It is expected to hold final closes for both vehicles next year.

The secondary market offers the kinds of characteristics that investors hope to find in the primary market, where they are often disappointed. So says Andrea Echberg of Pantheon.

The infrastructure asset class is young – and the infrastructure secondaries market is even younger. But for those involved in this niche area, there is plenty to keep them interested. Andy Thomson reports.

The Zurich-based firm had set a target of $150m.