Madeleine Farman
With the launch of S3, Apollo becomes 'much more of a one-stop relationship' for GPs, co-president Scott Kleinman tells Secondaries Investor.
Capital raised for secondaries fell 30% to $31.2bn in the first half of 2022, according to data compiled by Secondaries Investor.
Robert Emerson joins from Kirkland & Ellis, where his clients included Whitehorse Liquidity Partners, Vista Equity Partners and Two Sigma.
Buyers are showing greater manager selectivity but are willing to pay for quality, a Palico spokesperson said.
At more than double the size of its predecessor, Banner Ridge DSCO Fund II will invest in private equity funds, co-investments and early secondaries.
Triton will look to carve out four assets from its 2013-vintage fund to provide additional capital for further investment in the businesses.
Secondaries fundraising dipped 30 percent year-over-year in the first half, with $31.2 billion raised, according to preliminary data from Secondaries Investor.
Investors have pulled back on deploying capital in 2022, but the long-term trajectory for GP-led transactions is positive, Campbell Lutyens' Gerald Cooper and Immanuel Rubin tell Secondaries Investor.
The real assets specialist is in market with its fourth infrastructure secondaries fund, which has raised €580m of a €750m target.
The firm, which is seeking as much as $585m for Keyhaven Secondaries Fund III, also made two hires last November.