Twisted paper US currency
A new Illinois pension plan looks to build its private equity portfolio through a secondaries commitment.
Man surfing a wave of money
The preferred equity specialist plans to complete five to 10 transactions annually, with each ranging from $100m-$750m in size.
Montana Capital Partners managing partners Jan 29
The firm opened its first international office last year, two years after its tie-up with PGIM, and retains its Swiss heritage in its approach to deal-making.
Building a strong team, Wooden blocks with people icon on pink background, Human resources and management concept.
The hires come as secondaries advisory groups shift and expand, with some places growing their capabilities to meet increasing demand for transactions such as continuation funds and LP portfolio sales.
Students
The buyout giant initially backed Multiversity in 2019 before acquiring 100% of the online university group in 2021.
The deal involves transferring an asset to a continuation fund managed by TRP Capital, a lower mid-market player with no prior engagement in GP-led secondaries.
rocket ship with dollar sign on it
While GP-led inventory is high, the capital chasing such deals remains limited to a small universe of buyers.
Coller Secondaries Private Equity Opportunities Fund will be seeded with over $300m from the firm and other institutional investors.
Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.
The centre of Zurich, Switzerland
Coller launched a platform targeting high-net-worth investors last year, led by UBS veteran Jake Elmhirst.
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