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ICG hires ex-Pomona partner to grow US listed business

Ryan Levitt joins fellow Pomona alumni Olver Gardey to help manage ICG's $1bn listed PE vehicle.

BEX hires ex-Astorg director as operating partner

Thomas Carbonel will be responsible for transaction execution at the niche secondaries firm, which is investing its $365m third fund.

HSBC raises $250m for private client FoF

The debut fund will target primary, secondaries and direct co-investments across multiple geographies, sectors and strategies.

Ardian almost doubles annual secondaries deployment

The secondaries giant invested $11bn in the strategy last year, up from $6.4bn the prior year, according to its latest annual report.

Access Capital holds first close on latest FoF

The investment manager is seeking €700m for its eighth lower-market funds of funds, 40% of which will go to secondaries.

Danske PE spin-out SAGA raises debut FoF

The €600m SAGA VII can make opportunistic secondaries purchases, according to partner Jesper Knutsson.
Arc de Triomphe, Paris

Access Capital on how to decide when to sell FoF stakes

Co-founder Agnès Nahum and partner Alexandre Delos discuss how the firm uses secondaries as a portfolio management tool and how fund duration and market cycles influence its decision to sell stakes.
Nice, France

BEX ditches fees for NGOs in $365m fund close

Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.

Morgan Stanley AIP Private Markets CIO to depart – exclusive

Neil Harper, who has been at Morgan Stanley Alternative Investment Partners since 2006 and oversees its secondaries business, is the unit's second senior departure in six months.

SwanCap to return to market with latest FoF – exclusive

The firm will seek at least €433m for primary, direct secondaries and co-investments in the European and North American lower- and mid-market.
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