Imene Boumalala, a more than decade-long veteran of Neuberger, joins the firm as it eyes returning to market with its latest strategic secondaries fund.
Dollar volume climbed $1bn year-on-year as endowments reduced their legacy fund portfolios and fund sponsors continued to recapitalise funds and partnerships.
Marc Wursdorfer spent 15 years at Credit Suisse, where he was responsible for primary capital raising in the Nordic region and sourcing secondaries deals.
The veteran will continue as head of direct funds as four executives take up their places on the committee.
Record volumes, high prices and the growing popularity of VC funds are among the trends outlined in recent reports from the secondaries advisors.
The firm is improving its ability to execute opportunistic secondaries transactions, Secondaries Investor understands.
The fund, which was targeting $1bn, includes El Paso City Employees' Pension Fund, according to PEI data.
Altamar is aiming to lock in attractive prices by offloading stakes in funds managed by PAI, BC Partners and 3i, among others.
Vestar Capital Partners V holds around $900m in net asset value across four assets, two of which are publicly listed.
Transaction volumes hit $54bn, with around 70% accounted for by funds of more than $4bn in size.
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