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Norway’s Storebrand on why it bought Cubera

Why build an in-house secondaries team when you can buy one? Storebrand Asset Management talks to Secondaries Investor about its acquisition of Cubera Private Equity this week.
Bergen, Norway. The Colorful Facades Of Houses On Deserted Street At Residential Area In Summer Day Under Somber Sky.

Cubera snapped up by Norweigan asset manager

The Nordic secondaries firm will be acquired by Storebrand, Norway's largest private asset manager.

Germany’s Emeram explored GP-led process – exclusive

The German mid-market firm has been working with advisor Park Hill on its 2013-vintage sole fund.
Andy Shore

Proskauer secondaries partner to join Kirkland – exclusive

Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.

Verdane raises more than $600m for directs

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

Ardian races towards target for biggest-ever secondaries fund – exclusive

The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.

DWS hits fundraising trail with dedicated vehicle – exclusive

The firm, formerly known as Deutsche Asset Management, will target up to $500m and focus on providing liquidity to GPs throughout a fund's life.
euros

Golding Capital holds final close on private debt FoF

Just over 20% of the fund is already invested in secondaries, according to founder and managing partner Jeremy Golding.
Cannes

‘Absurd’ transactions and a $5bn deal: takeaways from Cannes

Five surprising themes emerged from secondaries discussions on the French Riviera this week.
Business towers in Berlin in the evening

Draper Esprit makes secondaries bet on European tech

The London-listed investor has acquired stakes in two funds managed by Earlybird, a German VC firm with more than €1bn in assets.

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