Secondaries

The Canadian pension giant is rebuilding following the departures of group head Michael Woolhouse and European lead Nik Morandi.

The asset manager's predecessor fund raised $568m to invest in small- and medium-sized funds in developed and emerging markets.

The flight towards high-quality assets is ongoing as buyers wait for clarity on the real economic impact of covid-19, according to Jasmin Capital's head of secondaries.

The firm has held the final close on its latest secondaries vehicle, which is already 20% committed to deals involving GPs such as Thomas H Lee Partners and Clearlake Capital Group.

The management team of Glouston Partners bought it out of $22bn hedge fund and private equity manager Permal Group in 2016.

Campbell Lutyens worked on $12.5bn of deals last year including five single-asset restructurings, two strip sales and two preferred equity deals.

Brian Mooney is one of seven high-level executives to have resigned from Greenhill's secondaries advisory unit in recent months.

This is the second GP-led process that HarbourVest has led on a Portobello fund, after the 2015 restructuring of 2006-vintage Fund II.

Last week, Newbury Partners sold a position to GP stakes fund RidgeLake Partners. We looked at the ownership of firms that comprise our SI 30 ranking to see who might be next.

Proskauer advised on $20.9bn of secondaries deals last year, one of the most active law firms in the market.