News & Analysis

Some participants at Private Equity International's April roundtable said they expect a household-name firm to undergo a GP-led deal, leading to a flood of such transactions.

Sales of stakes in tail-ends – mature funds which often hold a handful of portfolio companies – are expected to increase as a percentage of the secondaries market this year.

Harvey Lambert, a 25-year finance veteran who left PineBridge in 2012, will head the Spanish firm’s new US office.

The venture capital firm plans to use almost £30m of proceeds raised in the IPO to make primary and secondaries investments.

King & Wood Mallesons' survey, which looked at 60 funds including four secondaries vehicles, found fees paid by funds in 2008 and in 2015 were little changed.

About 40% of the fund, which is tailored to the UK defined contributions pensions industry, will be invested in private markets including private equity and real estate secondaries.

Secondaries firm Whitehorse Liquidity Partners, which has raised a sixth of the target for its debut fund, has tapped a seven-year Canadian public pension veteran as CFO.

Average high bids were 20% down this year compared with a year earlier, according to a report by advisory firm Setter Capital.

Tjarko Hektor, who worked on North American secondaries at Carlyle's fund of funds until last year, has launched New 2nd Capital, focusing on GP-centred transactions.

OM Asset Management has purchased a majority stake in the secondaries firm less than two months after former owner Religare sold its interest.