co-investment

The international law firm has made seven growth hires into the group since December.

The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm's family of funds.

The secondaries market features prominently in Redefining Private Equity in the 2020's, a report compiled by Credit Suisse's private fund group.

West coast-based Margaret McKnight had left the Carlyle Group real estate subsidiary in September last year after nearly 14 years.

The distinction between secondaries and co-investments is becoming increasingly irrelevant, according to Patrick Knechtli and Colin Burrow from Aberdeen Standard Investments.

Backers of the the $829m restructuring include Coller Capital, Neuberger Berman and Hellman & Friedman.

The firm has tapped an Adams Street Partners investment professional for its latest senior hire.

The world's largest asset manager also eyes an opportunity to buy highly coveted, rarely traded fund stakes, according to secondaries co-head Steve Lessar.

The Boston-based asset manager is in market with flagship secondaries fund Dover Street X.

The world's second-largest secondaries firm, Lexington Partners, is moving to Park Avenue.