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The firm formerly known as AXA Private Equity has completed 21 transactions in the secondaries market since September last year.
The Carlyle Group’s private equity fund of funds arm AlpInvest has raised $4.2bn for secondaries, including $750m for its AlpInvest Secondaries Fund V.
The sale of emerging markets-focused CVCI leaves Citi with an uncertain future in private equity.
The merger between Greenpark Capital and StepStone Group comes after the Marleen Groen-led firm struggled to raise its latest secondaries fund.
The advisory firm hopes its new structure and leadership team will leave it better positioned to meet the challenges ahead.
The Zurich-based firm had set a target of $150m.
The Nordic private equity market is ripe with secondary opportunities
Swedish pension fund manager AP1 among investors for a fund expected to be used to buy secondaries in Europe.
Toronto-based secondaries advisor Setter Capital puts secondary transaction volume at more than double the previously reported figure – and predicts that 2013 will be a record-breaking year.
The firm surpassed its $650m target for its third secondaries fund, which launched in 2012.
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