advisor

Leith Moghli joins from Reed Smith and focuses on secondaries transactions, fund formation and fund incentive arrangements.

Nick Miles becomes head of European and Asia-Pacific private equity within the investment bank's private capital advisory group.

Steven Westerback, who had been with Cebile since 2017, has joined as a partner and head of secondaries advisory.

Adam Tope will focus on infrastructure, energy and real estate GP-led restructurings.

Johanna Lottmann, a Secondaries Investor Young Gun, is understood to be joining the firm after a period of garden leave.

Secondaries market volume hit $42bn in the first half, a 56% year-on-year increase, including nine deals worth more than $1bn.

Jeff Hammer and Paul Sanabria, veterans of the private equity industry, have departed after a decade at the investment bank.

Based in Paris, Antoine Sarailler will focus on fund formation across private equity, infrastructure, credit and real estate, as well as primary and secondaries transactions.

Tom Hodge, who was previously a senior associate, will lead the firm's in-house legal and compliance function.

Right of First Refusal clauses can mean buyers face hurdles on certain fund stakes when bidding on a portfolio. Sunaina Sinha, founder of Cebile Capital, talks to Secondaries Investor about how buyers use pricing allocation to ensure they acquire whole portfolios.