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Lexington and StepStone among backers of Rockbridge stapled deal

The mid-market firm transferred four assets into a vehicle backed by $355m of secondaries capital.

StepStone makes two secondaries-focused professionals partner

The appointment of Michael Cronin and Vincent Hsu were among 11 partner and MD-level promotions at the firm.

Goldman, Coller and Morgan Stanley-backed ‘Liquidity Fund’ explained

Liquid Stock has raised a $150m fund aimed at employees of private companies, using a part-debt/part-equity strategy.
Personal development promotion

Evercore promotes two to partner

The promotions of Jarrett Vitulli and Rodney Reid bring the total number of partners within the private capital advisory group to three.

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.

Coller secures Louisiana pension re-up

Louisiana Municipal Police Employees' Retirement System has re-upped with the secondaries firm, which is seeking $9bn for Fund VIII.

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%.
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.

Dyal to close Fund IV on more than $7bn – exclusive

The Neuberger Berman unit completed six GP interest deals from Fund IV last year.
building

Portfolio Advisors hits $200m mark on RE FoF

Stakes in real estate vehicles accounted for 7% of total deal volume last year, according to advisor Greenhill.

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