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The $327bn asset manager and adviser is increasing its focus on alternatives, having formed a strategic partnership with Hamilton Lane in March.
Asia
Foundation was founded in 2017 by Deutsche Bank's former Asia secondaries head Jason Sambanju and Jeremy Foo from buyout shop Navis.
Shane Feeney, who has been responsible for overseeing the pension giant's roughly $101bn private equity portfolio, will join as global head of secondaries.
sprint
The investment bank is the latest to launch a secondaries advisory unit and has hired a New York-based executive to assist with its push.
The pension moderated the pace of new secondaries commitments, citing a high risk/return bar amid decreased market activity as a result of the pandemic.
piece of pie
Ares Management's agreement to buy Landmark Partners could be the latest in a chain of consolidation moves in the secondaries industry. We examine the ownership of firms that comprise our SI 30 ranking to see who might be next.
fundraising
There was a 'significant uptick' in financing requests for GP-led deals in the third and fourth quarter, according to a survey by the lender.
buy and build
Many companies need extra time and capital to continue making add-on acquisitions, according to the bank's head of secondaries Nash Waterman.
people
Fifteen people have moved across from Greenhill, following in the footsteps of five managing directors who made the move across last year.
bank
The transaction comes as the bank combines its private fund investment teams under the banner of HSBC Alternatives, which has $26.4bn in private market funds and mandates.
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