Challenges persist as the subsector gains interest, according to panellists at the Fund Finance Association’s recent Global Symposium.
The promotions are part of eight firm-wide across its investment, business operations and investor relations teams.
The LP portfolio sale was among a slew of such deals launched since last year that managed to close despite pricing uncertainty and hesitation among LPs to sell at discounts.
The appointments are the latest in a string of secondaries lawyer moves to firms such as Fried Frank and Sidley Austin.
Single-asset continuation funds comprised around 40% of GP-led secondaries volume in 2022, down from 52% the prior year, according to Lazard's Secondary Market Report 2022.
The bank's secondaries advisory group advised on over $4bn of transactions in North America in 12 months to end-October last year.
Deal activity for the asset class reached an all-time high for the third year in a row due to strong growth of GP-led processes.
The firm has also made headway with fundraising for its latest secondaries programme, according to vice-chairman Erik Hirsch.
Brookfield Asset Management's Connor Teskey says the firm can be a leader in secondaries and will initially focus on the GP-led market.
The Carlyle unit joins four other secondaries firms seeking to raise more than $10bn for their latest programmes.
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