NPM Alternatives is the latest effort to boost liquidity in the asset class and will initially focus on feeder funds.
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StepStone tapped its latest secondaries fund to acquire George Kaiser Family Foundation’s entire stake in the six-asset vehicle.
The Zurich-based firm has bought a stake in a fund which invests in energy efficiency, green industrial processes and waste management sectors. The fund also owns a geothermal plant producer.
The mid-market investment bank has opened its first office in Asia and appointed Benjamin Wiley to lead the expansion.
The London-based private investment firm sealed its first secondaries fund commitment earlier this year.
European family offices allocate about 25 percent of their portfolios to private equity, according to a report from Cebile Capital.
Funds of funds accounted for 37 percent of Elm Capital’s seller base during the second half of 2014.
The wealth management firm is targeting $40m for its 2015 Opportunities Fund.
Connection committed €3m to 17Capital III and will seek future fund commitments, said partner Claire Madden.
London-based preferred equity investor 17Capital launched its third fund last year with a €450m target.