Madeleine Farman
Madeleine Farman is a senior reporter for PEI Group’s Private Equity International and Secondaries Investor titles, based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
Ahead of the release of affiliate title Private Equity International’s exclusive ranking of the biggest secondaries capital-raisers over the last five years, Secondaries Investor delves into the funds' performance.
The adviser has so far hired a team of four from Credit Suisse as it outlines changes to its newly branded private capital advisory unit.
Sixty percent of mega-buyers transacted on assets that generated a gross MOIC return of 3-4x, according to PJT Park Hill’s half-year report.
The asset was 'a particularly strong fit to pursue a continuation vehicle', managing partner Ron Kuehl tells Secondaries Investor.
The fundraise comes as the same time as the firm has taken the lead on a healthcare-focused single-asset continuation fund transaction.
Listed alternative asset managers have been sharing their outlooks and fielding questions from analysts on the secondaries market.
GP-led transactions comprised 39% of secondaries transaction volume in the first half, according to Greenhill's H1 2023 secondary market review.
TPG GP Solutions has ‘line of sight” to reach $1bn, CEO Jon Winkelried said in the firm's second-quarter earnings call.
The strategy is ‘poised to scale and become a flagship fund’, executives said on the firm's second-quarter earnings call.
The firm, founded by Siguler Guff‘s former secondaries head, is yet to hold the final close for Banner Ridge Secondary Fund V, Secondaries Investor understands.