Yar-Ping Soo, a partner at the firm since 2010, succeeds Piau-Voon Wang, who is now a senior advisor.
tel aviv
The fund of funds manager, which already has seven offices, will expand in the Middle East and Asia.
The Swiss group will deploy the capital in secondaries, direct and primary real estate transactions.
The Paris-based fund of funds' first secondaries vehicle has exceeded its €50m target.
HarbourVest launched its ninth secondaries fund this year and is targeting $3.6bn.
Blue Point Capital Partners came in second place while VMG Partners was in third position, according to a third-quarter report by Setter Capital.
The key question posed by the UK government’s statement that it will introduce new legislation regarding the taxation of asset manager performance awards is what constitutes a 'long-term' investment.
The $344bn sovereign wealth fund has tapped a secondaries professional to beef up its investment capabilities.
One of the co-investors that participated in the transaction was The Texas State Board of Education, which oversees the Texas Permanent School Fund, and contributed $50m.
The firm will follow a similar strategy to the one it applied to its timberland investments.
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