A 'flood of capital' in secondaries has pushed up valuations for flow names, according to the investment firm's Asia-Pacific private equity co-head.
Early figures indicate it could be a stellar market this year on the back of several large stapled deals and fund closes in H1.
The firm raised the same amount for its predecessor vehicle that acquires stakes in North American lower- and mid-market funds.
The Texas pension has committed $20m to the secondaries firm's latest private equity vehicle.
The London-based lawyer's practice includes the formation of secondaries funds, portfolio acquisitions and synthetic secondaries.
The deal involves stakes in the Swedish firm's 2011-vintage buyout fund and a commitment to its latest Asia-focused vehicle.
The US regulator is getting to grips with potential conflicts of interest in plain vanilla deals.
The firm believes many new entrants into private equity markets will waver in their commitment to the asset class amid a public market correction.
Anand Damodaran joins from Ropes & Gray and will focus on areas including fund structuring and secondaries deals.
The deal involves the London firm's latest buyout fund which was part-raised by a 2015 stapled deal involving a group of buyers led by Goldman Sachs.
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