The unit has formed Glendower Capital, focusing on private equity secondaries from London and New York, Secondaries Investor has learned.
The investment bank's analysis of the first half suggests that 2017 could break records on a number of fronts.
Clwyd Pension Fund, an active investor in secondaries funds, has committed $10m to the fund of funds unit of Standard Life's SOF III vehicle.
The Singapore-based hire will focus on direct and secondaries investments in the asset class.
The use of subscription facilities by funds has seen its criticism, but the practice is not without its positives, write Thomas Smith and Almas Daud.
The latest record fundraising figures across alternative asset classes show CIOs continue to see private investments, and not just private equity, as the most compelling in the long term.
The bank already has a five-year extension to comply with the regulation which would push it to divest private fund stakes worth $6bn.
The region priced highest among all fund types apart from venture capital and infrastructure, according to data from Setter Capital.
Strategic Partners, Committed Advisors and Willowridge Partners have picked up tail-end stakes in Apax's Europe funds VI and VII.
The preferred equity specialist, led by former CPPIB secondaries head Yann Robard, closed its debut fund in May.
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