Chicago-headquartered RCP is in market with its fourth secondaries fund targeting North American lower-mid-market buyout funds.
Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.
The team led by former Strategic Partners executive Wandy Hoh is targeting LP-led and GP-led deals in the infrastructure space.
The four-strong Asia team, led by partner Vincent Ng, will continue to execute secondaries deals in the wake of Charles Wan's departure, the firm said.
The top-level hire is one of a team of four investment management lawyers to join from Minneapolis-headquartered Faegre Drinker.
The investment bank has added a New York-based senior vice-president and an analyst from Campbell Lutyens and Citi, respectively.
The White Plains-based adviser has promoted four as its LP business comes up on a full year of operation.
The partnership will see secondaries market veterans and former Coller Capital investment professionals Sebastien Burdel and Luca Salvato join in London and New York, respectively.
The Minneapolis-based firm expects to finish deploying its most recent programme, Clean Growth Fund V, by the end of this quarter.
The secondary advisory promotions include former Harvard Crimson and Dallas Cowboys American football player Collin Zych.
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