The appointment comes as the German asset manager fundraises for a vehicle that will invest in infrastructure through fund and direct secondaries.
The firm has hit the hard-cap on its first dedicated real estate secondaries fund raised since it was acquired by Blackstone in 2013.
The global investment firm's offer of par to 30 June NAV was not taken up by the majority of LPs, Secondaries Investor has learned.
Sellers are demanding a high price despite a widening quality gap among funds focusing on the asset class, according to a report by Partners Group.
Each regional market poses its own set of challenges and opportunities according to Darren Massara, managing partner at the only Asian firm to make our Si30 ranking.
Analysis of our top 30 managers ranking shows a better diversified portfolio of commitments delivers better returns than one concentrating on the largest players.
The law firm has appointed Duncan McDonald in London who will focus on advising sponsors and deals, including secondaries transactions.
The direct secondaries firm used its $540m Fund III to acquire 100% of back-office outsourcing firm Integreon.
The $7bn Californian pension has allocated two-thirds of its portfolio to private assets and has previously committed to secondaries funds.
With firms including Strategic Partners and NewQuest Capital Partners blowing through theirs, is the hard-cap still meaningful?
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