Fundraising

Stéphanie Courtadon, a marketing veteran of mid-market GP Siparex and Crédit Agricole Private Equity, will run the firm’s RFP processes.

The investment bank took two months to surpass the halfway mark for its $5bn secondaries fund that will focus on buyout and distressed strategies in developed markets.

The firm expects steady early secondaries dealflow thanks to opportunistic sellers, succession planning issues and allocation changes, according to managing director Roland Reynolds.

Secondaries fundraising hit a post-crisis high in the first half of the year, but the expanding market can take it, say investors.

Taiwan's second-biggest financial holding company has invested at least $120m in secondaries funds over the last year including those managed by StepStone and Coller Capital.

The firm took nine months to hold the final close on Auda Capital VII which specialises in primary and secondaries investments in the US and Europe.

The $564m vehicle, the largest of its kind for the firm, will focus on smaller portfolios and complex deals.

The niche secondaries firm raised over $660m for its latest fund that will focus on liquidity, carve-outs and strips, clean-ups and opportunistic strategies.

The investment bank had raised around two-thirds of the target for its Vintage VII fund a month after launching, Secondaries Investor has learned.

The Scandinavian direct secondaries firm could have raised double the amount of capital it closed on, according to managing partner Bjarne Lie.