News & Analysis

As much as 30% of the fund will be invested in secondaries and direct co-investments.

Andreas Baumann will take global responsibility for both units amid a wider reshuffle in top management.

Amid high pricing for secondaries, the firm is focusing on committing to vehicles in fundraising that have already held a first close and have made a few investments.

Average high bids for stakes in VC funds increased by 11% compared with a year ago, according to intermediary Setter Capital.

A hung parliament may mean more uncertainty in the short term, but opens up the possibility of a favourable deal for the financial sector.

Stakes offloaded so far include tail-end interests in Carlyle, Lyceum Capital and Rutland Partners-managed vehicles, Secondaries Investor has learned.

Secondaries has made the second strongest contribution to the fund's PE portfolio since inception but is lagging over the shorter term.

PE-Invest 3 will invest globally in private equity funds as well as secondaries and direct investments.

The firm expects to hold the final close by the end of June, Secondaries Investor has learned.

The alternatives asset manager has more than doubled the amount it raised for its 2012-vintage predecessor.