direct secondaries

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.

This was the 12th deal from the directs-focused's firms latest fund, which is around 50% deployed.

Auda Asia Secondary Fund, which came under the HQ umbrella in 2015, had been on the market since October of that year.

What does Verdane's debut buyout fund say about the direct secondaries market?

Asset and manager quality still pose problems for secondaries buyers in a market where many funds are coming to the end of their lives with large amounts of remaining NAV.

SWAN III, which is already 50% deployed across 20 deals, can make primary, secondaries and co-investments.