The Carlyle-owned real estate firm has a diversified portfolio of primary and secondary fund interests.
Hiromichi Mizuno will reportedly advise the $1.3tr institutional investor for the next two years, as it gears up to invest more in alternative assets.
New entrants are creating a competitive buy-side environment as the secondaries market becomes increasingly institutionalised, according to advisory firm Cattegatt.
Committed Advisor's sophomore secondaries fund will spend roughly two-thirds of its capital on fund stakes and the rest on direct secondaries investments.
BC 's Fund VIII closed on €5.8bn in 2005 and recently sold cleaning product and insect control company Spotless Group for €940m.
Blackstone's secondaries group aims to raise at least $3.5bn for its latest fund, investments from which already include stakes in 3i and Ares funds.
Approximately 75% of LPs agreed to sell their stakes in the firm's 2000-vintage Fund II, while the remaining LPs opted to roll over into a new fund.
The investment consulting and advisory firm will focus on opportunities with institutional funds in the Pacific Northwest and Mountain West regions of the US.
Secondaries transaction volume reached $17bn for the first half of the year, making the market very seller-favourable, according to Cogent Partners managing director Todd Miller.
Seventeen-year Adams Street veteran Hanneke Smits, who chairs the firm's secondary and primary investment committees, plans to leave her position at the end of 2014.
si
si

Copyright PEI Media

Not for publication, email or dissemination