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Appointment
The four-person team, led by Dan Nolan, has moved to a Swiss outfit and is understood to be working with a US endowment on a portfolio sale.
Pricing
The average high bid for buyout funds surpassed 90% of NAV in the three months to end-August, according to data from the intermediary.
Seeds
Crowdfunding platform Seedrs is aiming to attract institutional private wealth.
San Francisco-based Melting Point Solutions seeks to maximise pricing for sellers by seeking bids for single items as well as whole portfolios. Raphael Haas, the firm's chief executive, talks to Secondaries Investor about why multi-buyer sales can deliver better pricing for sellers and why non-dedicated buyers can provide outlier pricing.
The secondaries market is making it harder for GPs to massage their fund performance figures, according to EMEA head Jim Strang.
Some investors believe a bear market is already here and are starting to derisk, according to research by the secondaries trading platform.
The interdealer broker's secondaries team will consolidate with its debt solutions team under new management.
The interdealer broker's alternatives team will remain intact despite Alastair Sword's departure – the latest in a series of exits.
The placement agent and advisory firm has opened an office in Florida and plans to launch in four other locations.
Gurdeep Gill has joined former Setter MD Robert McGrath at his recently launched fund of funds-focused secondaries firm.
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