Chelsea Stevenson
HarbourVest Partners paid €150m for limited partner stakes in Doughty Hanson Funds IV and V.
London-based preferred equity investor 17Capital launched its third fund last year with a €450m target.
Real estate secondaries fundraising reached a record high, according to PEI data.
LP stake sales represented more than two-thirds of secondaries deal volume last year, according to NYPPEX. The advisory firm led by Laurence Allen predicts 2015 deal volume will climb to $65bn.
Julian Rampelmann and Wiebe Visser were promoted to principal on the secondary investments team.
Standard Life Secondary Opportunities Fund II launched last year with a $200m target.
Sarah Schwarzschild joined Carlyle’s real estate arm last March from Partners Group. She's helping lead Metropolitan’s first dedicated real estate secondaries and co-investment fund.
Long-standing relationships and LP-friendly terms were key elements in HarbourVest’s €215m stapled transaction with Doughty Hanson.
The Pennsylvania Public School Employees’ Retirement System has sold 20 private equity fund stakes valued at roughly $2bn.
Verdane initially invested in CRF Health by buying 100 percent of Nordic Venture Partners I in 2013.