Why build an in-house secondaries team when you can buy one? Storebrand Asset Management talks to Secondaries Investor about its acquisition of Cubera Private Equity this week.
The appointment of Michael Cronin and Vincent Hsu were among 11 partner and MD-level promotions at the firm.
The Nordic secondaries firm will be acquired by Storebrand, Norway's largest private asset manager.
The portfolio, which the secondaries giant split with another buyer, included EQT, Apax Partners and BC Partners fund stakes.
A roughly $1bn secondaries deal with Lexington Partners has helped the firm secure a final close above its target.
Liquid Stock has raised a $150m fund aimed at employees of private companies, using a part-debt/part-equity strategy.
The German mid-market firm has been working with advisor Park Hill on its 2013-vintage sole fund.
Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.
The rise of single-asset transactions has left some market practitioners unimpressed.
Which secondaries strategies raised the most amount last year and which are the biggest funds in market? Find out in our interactive report showcasing Secondaries Investor data.
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