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Latham & Watkins has hired a Kirkland & Ellis partner to help boost its secondaries capabilities.
While initial secondaries volume estimates point to a record first half, expectations for full-year 2022 may have to be revised downward.
The departure of Christian Diller comes a year after the Baar-headquartered secondaries buyer was acquired by asset manager PGIM.
Campbell Lutyens secondaries GP led
Investors have pulled back on deploying capital in 2022, but the long-term trajectory for GP-led transactions is positive, Campbell Lutyens' Gerald Cooper and Immanuel Rubin tell Secondaries Investor.
The deal totalled somewhere in the range of $2bn to $2.5bn, making it one of the largest deals of the year.
Dawn_Nigel hi res_credit Evercore rectangular
The global head of Evercore's private capital advisory group identifies ways to ensure sponsor-initiated transactions work for all parties involved.
new hires
The Nuveen subsidiary is building a team to target GP-led deals in the US mid-market, a year after executing its own large secondaries deal.
The firm targets growth assets via GP-led deals, highly concentrated LP stake trades and preferred equity.
The asset manager, which has $170bn in alternatives AUM, is revisiting the strategy having last raised a dedicated secondaries fund in 2016.
Impacts from the broader economy, such as inflation, geopolitical turmoil and slower growth, have made it tougher to value assets in secondaries processes, with a wide gap between buyer and seller expectations.

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