Fundraising

Beate Pelz has left the preferred equity specialist after two and half years as the firm adds an analyst to its team.

Funds that closed this year took on average two months longer to raise than those that closed last year, with the mean fund size slightly up on 2016.

The firm's niche secondaries fund has closed above its $400m target after 16 months of fundraising.

The deal brings Qualium Investissement to a first close on its latest fund which has a €350m target, Secondaries Investor has learned.

The former chief exec of Deutsche Telekom was one of the LPs who sold stakes to Partners Group, UK regulatory filings show.

The investment firm has acquired minority direct stakes in the fund's portfolio companies and will work with the Italian manager to raise a country-focused fund.

Two reports conclude transparency requirements are affecting the GP-LP dynamic and can be difficult to achieve.

The firm, which focuses on smaller, more complex secondaries deals, has nearly fully invested its third fund and is halfway to raising a fourth.

RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.

The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.