advisor

The investment bank's private fund group is adding resources to its secondaries advisory team after winning several mandates, Secondaries Investor has learned.

The two firms, which accounted for nearly $22bn of transactions last year, have made several promotions and hires.

Four industry veterans – from PJT, Evercore, Lazard and Campbell Lutyens – made predictions at Kirkland & Ellis’s secondaries forum this week.

Secondaries funds raised over the last five years used 19% of committed capital for repeat purchases, according to the advisor and placement agent.

Applying truly innovative technology to GP-led processes could open up billions in unrealised NAV to secondaries buyers.

The appointment follows that of Lazard director Johanna Lottmann, who is set to join the firm in London in the coming months.

Single-asset transactions, a growing part of the secondaries market, can offer unique benefits to all parties, write Evercore’s Nigel Dawn, Francesca Paveri and Dave El Helou.

Mateja Maher and Warren Allan join from Campbell Lutyens and Stephenson Harwood, respectively.

Pablo Calo, a secondaries veteran, has formed a transatlantic team focusing on GP-led processes.

PNC has become the majority owner of the firm, with a 75% stake in a deal that closed in July.