Marine Cole
With the promotion of Katie Stitch and Blake Heston, the New York-based direct secondaries firm now has seven managing directors.
The appointment of Michael McKell in a newly-created position comes at a time when buyers are increasingly interested in real estate secondaries.
The Richmond, Virginia-based alternative investments firm expanded into secondaries nearly three years ago.
Sally Gibson, who has been with the firm since 2008, will focus on advising sponsors of private investment funds, including secondaries funds.
Leerink Capital Partners recently raised a new $192 million fund along with Revelation Partners to invest in direct secondaries in healthcare companies. Scott Halsted, managing director at Revelation, explains the strategy and the current environment for healthcare secondaries investments.
In addition to the rebranding, Tim Draper also plans to spend more time investing with the firm’s team. Successful investments include Horizon Discovery, a personalised medicine company.
Shearer, who started in May, will focus particularly on the portfolio management, evaluation and monitoring of Northleaf Capital Partners’ private equity investments.
The New Mexico State Investment Council is already an investor in two Coller funds.
The terms of Metropolitan Real Estate Equity Partners’s new dedicated real estate secondaries and co-investment fund are in line with other real estate funds that also make secondaries investments.
The North Carolina Retirement System hired Neuberger Berman and said it will conduct parts of the new programme through secondaries investments.