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Secondaries

GPs overtake pensions and SWFs as biggest sellers – Greenhill report

Sponsors have become the largest seller type with GP-led deals jumping 71% year-on-year.

Blackstone’s Strategic Partners collects $3.4bn in first close

The firm has raised more than 40% of the target for Fund VIII as a raft of secondaries firms seek capital for the strategy.

Ardian races towards target for biggest-ever secondaries fund – exclusive

The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.
People arrows maze

When secondaries buyside professionals cross to advisory

Money, the desire for variety and changing generational priorities could drive more secondaries investment people into the advisory world.

Lexington receives $90m US pension boost

The firm has received a commitment from Los Angeles Water & Power Employees Retirement Plan, which is working to push its PE exposure to 8%.
Meeting room with a big polished table and arm-chairsOther photos from this business series:

Campbell Lutyens appoints ex-Bain & Co partner to advisory board

Suvir Varma has spent 17 years with the management consultancy advising PE firms and SWFs on their investment strategies in Asia-Pacific.

Five charts on the secondaries market in 2018

Interactive charts showing return expectations, drivers of pricing, use of leverage and other key points from Evercore and Setter Capital's full-year reports.
Personal development promotion

Portfolio Advisors promotes secondaries staff to MD

Two investment professionals who focus on private equity and real estate, respectively, have been promoted.

DWS hits fundraising trail with dedicated vehicle – exclusive

The firm, formerly known as Deutsche Asset Management, will target up to $500m and focus on providing liquidity to GPs throughout a fund's life.
Cannes

‘Absurd’ transactions and a $5bn deal: takeaways from Cannes

Five surprising themes emerged from secondaries discussions on the French Riviera this week.

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