Marine Cole
AlpInvest's current secondaries programme is more than 60% invested, according to Carlyle's third-quarter earnings conference call.
The secondaries market is a growth area for funds of funds that wish to stay relevant in the eyes of LPs, according to a new report.
This is the seventh office for the Canadian pension fund, a major player in the secondaries market.
The distressed debt fund, raised about 10 years ago, was caught in Lehman Brothers' collapse, which impacted its returns.
The search comes as Montana recently closed its third fund with €400m after about 10 weeks of fundraising.
Secondaries firms are now broadening their view of leverage and considering its use to boost returns through dividend recaps and help minimise currency volatility.
The flow and pace of transactions this year is looking very different to previous years, reflecting several new dynamics in the secondaries market.
The firm said the advisory side of the business, including secondaries, was impacted by equity market volatility during that period.
The New York-based start-up helps private companies like DocuSign, Shazam and Tango find liquidity for securities.
The insurance company unloaded interests in at least six European funds, mostly tail-end, to PineBridge and Akina.