direct secondaries

This rare breed of secondaries player could help push tricky fund recapitalisations over the line.

The secondaries firm has backed the acquisition of a minority stake in a US medical billing company.

The secondaries firm has provided direct secondaries buyer Compass Partners with €100m to acquire a mix of minority and majority stakes in three assets.

Second Alpha Partners IV, which was in market for 15 months, has already invested in technology and media targets.

The firm, founded by former Industry Ventures partner Jim Jones, counts streaming service Pandora among its investments.

Leerink Revelation Partners, which can by direct stakes and take positions in healthcare funds, has nearly $400m under management.

Norbert Fernandes, who spent four years at the Singaporean state investment firm, will head up the direct secondaries specialist's third outpost in the region.

The acquisition of a 'significant' minority stake will help NewQuest expand its range of secondaries offerings and dealflow.

The firm is investing Fund VII, a €174m vehicle, which invests in both direct secondaries and growth.

The direct secondaries firm is targeting the amount it raised for its 2012-vintage previous fund.