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Newbury Partners, Pomona and Montana are also among the most suitable candidates for a GP stake investment, according to a report by PitchBook.

The bank's secondaries advisory group has teamed up with its fund financing unit and has deployed as much as $3bn over the last two years.

Richard Golaszewski, an almost decade-long veteran of the Japanese banking giant, has left to pursue a new opportunity.

The secondaries market's transformation into a $70bn market is due to both a wave of the Fairy Godmother’s wand and the payoff for years of scrubbing floors, write Houlihan Lokey's Jeff Hammer and Paul Sanabria.

Astrea V is backed by cashflows from a diversified pool of private equity funds managed by firms including KKR, TPG and Warburg Pincus.

Spectra Investments is seeking around $200m for its fourth fund and will allocate about 40% to secondaries.

The appointments bring the number of staff at the preferred equity specialist to 34.

The process comes as the Carlyle Group also explores using secondaries on its 2013-vintage Sub-Saharan Africa fund.

A few dozen positions held in the 2005- and 2007-vintage Sankaty Credit Opportunities Funds II and III were moved into a separate vehicle in a deal that closed in early June.

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.