direct secondaries

The direct secondaries specialist is planning to open its fourth office this year, Secondaries Investor has learned.

The VC secondaries specialist has promoted Ira Simkhovitch and Amir Malayery to managing director.

Early shareholders in the technology company sold to a consortium led by HPE Growth Capital via a direct secondaries deal.

At least $36bn worth of fund stakes changed hands in the first half of the year with GP-led deals accounting for 34% of the total, according to the intermediary.

The direct secondaries specialist has been in market for at least a year targeting $750m.

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.

The firm has hit the target of its Bridge No5-B Private Equity Secondary Investment Fund and launched its latest direct secondaries vehicle.

The Nordic direct secondaries specialist has hit the hard-cap on Verdane Capital X, which is double the size of its 2016-vintage predecessor.

NewView Capital Management, which acquired a portfolio of 31 stakes from VC-giant NEA, used them to seed its debut fund.

The firm is selling special metals services provider Scanacon Intressenter, which it acquired in 2012 through a take-private deal.