Kirk Falconer

In taking over from Suyi Kim, Gubbels will become the Canadian giant's second consecutive female private equity head.

NewView was spun out of Silicon Valley venture giant NEA in 2018 through a $1.35bn secondaries deal backed by Goldman Sachs and Hamilton Lane.

The more ambitious goal may owe to an anticipated surge in secondaries investing, driven by pent-up demand, especially among cash-hungry LPs.

Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.

The firm plans to significantly scale Performance Equity Management’s secondaries capabilities, according to managing partner Jonathan Tétrault.

The comments come two months after the asset manager said it was considering acquiring a secondaries firm.

Newbury Equity Partners VI's moderate step-up in ticket size is consistent with Newbury’s longtime focus on small and mid-cap secondaries deals.

The investment firm's Japan office marks 'an initial step in the region', APAC head Jeff Pentland said, and could precede the opening of a third Asia-Pacific location.

Blackstone Strategic Partners IX hit $17.2bn in the third quarter of the year, according to the firm's latest earnings call.

The vehicle will invest in the offerings of distressed, special situations and credit sponsors globally, deploying $20m to $40m on average.