People

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.

While many private markets investors and managers grapple with liquidity issues, there is one pocket of the market that stands to benefit.

The firm promoted eight professionals to partner and 18 to managing director.

The system recently changed its policy to allow for quick commitments to continuation funds.

China funds are trading at a 50% discount to NAV even after a decline in private markets valuations, according to managing director Kent Chen.

Sebastien Siou, who has prior experience at Whitehorse Liquidity Partners and CPP Investments, joined the LP secondaries firm this month.

Dealmaking is due for a comeback this year with the return of financial sponsors and more demand for liquidity, according to a panel at IPEM Cannes.

Banner Ridge reached a $2.15bn final close for its latest flagship fund this year, smashing its $1.4bn target.

The acquisition lays the foundation for a one-stop shop for clients of both organisations, according to Andy Lund and Matt Swain.

It's time to refresh your memory on what the biggest personnel moves in the secondaries market were this year.