The firm is looking to hold a first close in July, Secondaries Investor has learned.
The private equity and credit firm has hired Olli Heinila, a professional with primary, secondaries and co-investment experience.
Chief executive Simon Cook speaks to Secondaries Investor about the firm's approach to the secondaries market, the problems with the traditional private equity model and a deal that is edging towards close.
Amid high pricing for secondaries, the firm is focusing on committing to vehicles in fundraising that have already held a first close and have made a few investments.
A hung parliament may mean more uncertainty in the short term, but opens up the possibility of a favourable deal for the financial sector.
Stakes offloaded so far include tail-end interests in Carlyle, Lyceum Capital and Rutland Partners-managed vehicles, Secondaries Investor has learned.
PE-Invest 3 will invest globally in private equity funds as well as secondaries and direct investments.
The firm expects to hold the final close by the end of June, Secondaries Investor has learned.
The real estate fund of funds manager had explored an asset sale on the secondaries market last year.
The CEE and CIS regions are disproportionately represented in terms of managers failing to raise successor funds, according to data from industry body EMPEA.