Andrew Rich's departure is the second since October from the direct secondaries pioneer as it shifts its focus to private credit.
The definition of secondaries is expanding, as large-cap managers use annex fund commitments and other alternative investments to manage assets, according to the investment bank.
The promotions include one to MD as the secondaries specialist gears up to raise more than $6bn across a private equity and real estate funds.
The full-year volume dropped below the 2015 record, according to the advisory firm and placement agent.
The global investment manager has held a second close for Hamilton Lane Secondary Fund IV, which has a $1.3bn target​.
The Nordic direct secondaries firm had built up a 55% stake in Movimento, which counts GM, Fiat Chrysler and Volvo among its customers.
The fund of funds manager will increase the vehicle's secondaries and co-investment allocation to more than 20%.
The investment firm outbid several secondaries buyers to acquire stakes held in the Italian manager's 2006-vintage fund of funds, Secondaries Investor has learned.
Average top bids for stakes in infrastructure funds have surged 33% since 2011, according to advisory firm Setter Capital.
The capital will be invested in a portfolio of eight companies already owned by the listed firm, as it plans to ramp up its external fundraising activity.
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