Chelsea Stevenson
Carlyle Asia Partners III raised $2.5bn and currently owns Chinese consumer appliance manufacturer Haier Electronics.
Justin Stebbins has joined the direct secondaries firm as a senior associate.
The lifespan of the median private equity fund has grown to 13.2 years, according to research from Palico.
An overwhelming majority of investors surveyed by Probitas Partners are active in the secondaries market to some degree.
European family offices allocate about 25 percent of their portfolios to private equity, according to a report from Cebile Capital.
PineBridge closed its third secondaries fund on $308m, shy of its $500m target last month.
Verdane initially acquired reservoir data and analysis company RESMAN in a direct secondaries deal in 2006.
Cebile Capital hasn’t led any fund restructurings or recapitalisations yet, but is in conversations with some GPs, said managing partner Sunaina Sinha.
The Swiss-listed firm screened more than $107bn of secondaries deals in 2014.
Ed Gander (pictured), London-based co-head of the global private fund group at Weil, Gotshal & Manges, and associate James Bromley explain their take on the difference between a fund restructuring and recapitalisation.