Chelsea Stevenson
The volume of secondaries trades edged up from $9.3bn in the fourth quarter of 2014.
CBRE is readying for an increase in one-off transactions that take advantage of immediate pricing opportunities, says senior managing director Philip Barker.
The volume of LP interests trading on the secondaries market declined in the first quarter of 2015 from the fourth quarter of 2014.
Hektor was a managing director on the firm’s secondaries investments team in New York.
The Third Cinven Fund invested in Europe-based companies including UK-based Fitness First and Benelux-based DIY retailer Maxeda.
The New York-based firm surpassed its $8bn target and closed the market’s largest secondaries fund to date.
The Berlin-based direct secondaries firm has acquired stakes in three companies including medical device manufacturer Cappella.
The listed fund of funds committed to two HarbourVest funds with secondaries exposure last month.
Strategic Partners has a $500 million separate account for real assets secondaries, including infrastructure and energy.
Justin McDougall (pictured) and Panos Tegos have joined the firm’s New York and London offices respectively.