The European investment firm wants to expand its investment team with a private equity, private debt and infrastructure secondaries professional.
The mezzanine powerhouse has completed at least three deals from its latest secondaries fund which focuses on restructurings.
The VC fund of funds took around four months to raise its latest fund, which was oversubscribed.
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.
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