Hannah Zhang
Corporate and public pensions continue to divest from illiquid assets amid persistent overallocation pressure.
Rebecca Wu, a former managing director at Landmark Partners Asia, joins as head of investor relations for the region.
The Switzerland-based impact investor has backed a continuation fund process involving two assets held by VC firm RockPort Capital Partners.
The deal was one of several secondaries transactions that CPP participated in during the three months to end-September.
The primary motivation for LPs to consider selling PE fund stakes is the need for liquidity and strategic repositioning, according to a report from Montana Capital Partners.
The pension collected about $860m from the deal, which was its largest disclosed secondaries transaction during the quarter.
The fund will invest across multiple strategies including primaries, secondaries and co-investments.
Stefano Manna joins as head of GP advisory and will help the bank provide sponsors with a range of services including single- and multi-asset continuation funds.