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Wider discounts in the LP portfolio market drew buyers to fund stake transactions over sponsor-initiated deals in H1, according to Holcombe Green, global head of private capital advisory at Lazard.

The firm's recent Asia-Pacific secondaries deals include co-leading a single-asset process for Crescent Capital Partners.

AXA Investment Managers Prime has already built a nine-person infrastructure secondaries team and is building out its PE secondaries capabilities, according to global head Pascal Christory.

Rebecca Wu, a former managing director at Landmark Partners Asia, joins as head of investor relations for the region.

Market disruptions can motivate large investors to evaluate how they generate liquidity, oftentimes leading to repeat sales, according to Strategic Partners' global head.

The €34bn IM Prime unit has been building up its secondaries capabilities across infrastructure and private equity.

Europe's largest asset manager has been scoping out building an internal team dedicated to the strategy since at least last year.

The appointment comes as movement around the secondaries advisory world has slowed after a series of relocations over the past year.

Devon Park, founded by secondaries veteran Jonathan Costello, closed on four GP-led transactions worth a combined $2bn last year.

The appointments bring the firm's headcount to 170 employees globally across its Toronto and London offices.