Alex Lynn
TPG had appointed the former head of secondaries at CPP Investments, Michael Woolhouse, in July to lead its expansion in North America and Europe.
Flashpoint Secondary Fund is anchored by the Scheinberg family office, which represents the founders and former owners of online gaming website Pokerstars.
The number of sponsor-led secondaries coming to market this year is expected to be bolstered by fundraising delays, rising demand in China for US dollar commitments and a backlog of transactions.
The initiative has 46 founding signatories, including Blackstone, The Carlyle Group and Teacher Retirement System of Texas.
We look under the hood of what drove the Australian SWF to undertake a major rebalancing of its private equity portfolio prior to the coronavirus pandemic.
Documents seen by sister title PEI detail Dyal HomeCourt Partners' investment strategy, fund terms and perks.
Khuram Maqsood formerly oversaw a $1bn private equity portfolio as co-head of industrials and director at Dubai’s sovereign wealth fund.
The Australian SWF's exposure to the asset class had grown in recent months due to its relative outperformance and currency moves, according to acting CIO Sue Brake.
HSBC Vision Private Equity 2020 Fund raised the capital to invest across primaries, secondaries and direct co-investments.
The US's largest public pension has been exploring ways to reach its target private equity exposure, including via secondaries investments.