advisor

The investment bank has named a new head of its unit, which is one of the biggest secondaries advisors globally.

The four-person team, led by Dan Nolan, has moved to a Swiss outfit and is understood to be working with a US endowment on a portfolio sale.

Montana Capital Partners has been investing its €800m Fund IV, which held its final close in 2018.

The appointment comes after the $280bn investment manager hired two executives with both sellside and buyside experience over the summer.

We catch up with investment bank Evercore's private capital advisory head, who discusses single-asset transactions, secondaries deals in the era of covid-19 and what's in store for the market this year.

The two law firms were the first- and second-most active in the secondaries market last year.

The departure is at least the fourth this year from the corporate advisory and valuations specialist's secondaries advisory unit.

Secondary market innovations bode well for investors and GPs that need to be nimble in an evolving landscape, write Mozaic Capital’s Solomon Owayda and Christine Patrinos.

This year’s health crisis has made single-asset transactions more appealing for a host of reasons.

More than four out of five of funds to transact in the first half of this year were 2013-vintage or newer, up from half at the end of 2019.