Fund Finance

The Munich-headquartered manager's first dedicated secondaries fund targets small and mid-sized opportunities on an LP- and GP-led basis.

Portfolio Financing Fund II does preferred equity- and NAV-based lending deals for funds in the private equity, real estate and infrastructure markets.

In the absence of market mammoths, firms raising for once-niche strategies such as concentrated-asset deals and preferred equity populated this year's list.

The London-based secondaries buyer is targeting $585m for Keyhaven Secondaries Fund III, Secondaries Investor reported in November last year.

The hires bring the total number of languages spoken by employees at the European mid-market secondaries firm to 21.

If you’re a GP trying to figure out how to hold onto prized assets for longer, chances are you’ve had a call with Evercore’s Nigel Dawn.

"Fund managers are becoming increasingly sophisticated users of GP capital, whether it's preferred equity or debt," said Tom Glover, BC Partners operating advisor.

Crestline has hired a director of business development in its fund solutions team, as the firm looks to expand its client base.

The private equity stalwart has appointed former Investec fund financing veteran Tom Glover to help grow a GP and NAV-based lending strategy.

Dave Philipp has been with the firm since 2013.