private equity

Senior executives at the former emerging markets private equity firm overvalued positions and delayed markdowns to attract LP stakes purchases, a US indictment alleges.

The departures follow that of the CEO and COO in March from the investment arm of the German family office.

The market is too competitive and those who bought stakes after the global financial crisis look like 'super smart money' now, the $65bn fund's director of investments Stephen Moseley tells Secondaries Investor.

The total deal is valued at just under $800m and the voting period ends this week.

The Toronto-headquartered firm, which last year raised $1.3bn for secondaries, has appointed Sophia Damianou as MD of EMEA business development.

The firm has hired a Goldman Sachs Asset Management investment professional as it bulks up its secondaries team.

The private equity giant's push into impact investing relies on the GP relationships and fund commitments its Strategic Partners unit has built.

In part 2 of sister title Private Equity International's secondaries roundtable, participants discuss fundless sponsor restructurings, single asset deals and how to find the upside of a market downturn.

The firm has raised $450m for Commonfund Capital Secondary Partners II in a final close.

The appointment is the firm's second this year and brings its total staff to seven.