real assets

Ports America, the US's largest terminal operator and stevedore, was moved into a separate vehicle through a Campbell Lutyens-advised process.

Details of the private equity and real estate secondaries specialist's funds were revealed in a letter to LPs obtained by Secondaries Investor.

Real Assets Fund IV is targeting $700m, almost double the amount raised for its predecessor.

Janice Ince will source, evaluate and execute real assets primary and secondaries deals from the firm's San Francisco office.

The firm is seeking $700m for its latest real assets secondaries vehicle and has upped its carried interest to 12.5% from 10% compared with Fund III.

The firm has backed a deal in which the Chinese insurance giant used infrastructure fund stakes as seed assets to launch a fund of funds and co-investment strategy.

Which secondaries strategies raised the most amount last year and which are the biggest funds in market? Find out in our interactive report showcasing Secondaries Investor data.

Ron Heinz, who joins from niche secondaries firm Sweetwater Capital, is one of five appointments made by the firm in the second half of last year.

The energy investor has set up a continuation vehicle for the process on its $1.24bn Fund IV.

Stafford’s successful takeover of a $259m timber fund suggests most investors value a guaranteed exit today more than higher promised gains tomorrow.