Fundraising

The appointment comes as the firm seeks to raise more than $10bn across various funds in its next fundraising cycle.

The Carlyle Group subsidiary acquired a portfolio of healthcare assets that will be managed by newly formed GP Assured Healthcare Partners.

Hamilton Lane Secondary Fund V is the largest commingled fund yet raised by the Bala Cynwyd-headquartered alternatives manager.

Flashpoint Secondary Fund is anchored by the Scheinberg family office, which represents the founders and former owners of online gaming website Pokerstars.

The listed alternatives giant hired two Partners Groups executives last year to help launch the effort, which could grow to a $50bn business overall for the firm.

The appointments come as the investment giant is understood to be seeking as much as $2bn for its debut fund focusing on the strategy.

Abbott Secondary Opportunities II is targeting concentrated opportunities with clear return drivers, said managing director Meredith Rerisi.

The departure comes as the volume of real estate secondaries reached a record high of $8.5bn last year, driven by fund and portfolio recapitalisations.

The secondaries firm expects to match or exceed previous fundraising cycles despite the impact of covid-19, according to the chief executive of parent company BrightSphere.

CEO Kewsong Lee says there was a ‘huge cross sell’ between AlpInvest and the rest of Carlyle, with more than 40% of LPs invested in both.