Chelsea Stevenson
Charleston-based Bowside Capital Fund III will buy LP interests in private equity funds of $150m or less.
Median funds generate limited value after year 9, but lower tier funds generate more value during the back-end of their life, according to Pantheon.
HarbourVest Global Private Equity commits about 34% of its capital to the firm's secondaries funds, including Dover Street VII and VIII.
Montana Board of Investments has committed to secondaries fund managers including Axiom, Lexington and Tenex.
Doughty Hanson III is a 1998-vintage fund that still owns turbine manufacturer LM Wind Power.
Tishman Speyer European Strategic Office fund owns the Credit Suisse headquarters in Milan and the Deutsche Bank headquarters in Brussels.
Eunseok So has joined the firm as a senior vice president from the former Squadron Capital.
Reaching the €100m hard-cap for this year’s annual offering took just three months.
Interests in large US buyout funds are the most expensive secondaries trades this year, according to Triago.
The New York-based firm purchased a portfolio of LP stakes valued at $416m.