Michael Baruch
The private capital advisory firm has hired a principal in the Chicago office, opened a Paris office and hired a vice-president to their London office in the past nine months.
Global Secondary Fund 7 launched at the beginning of this year with a focus on buyout and growth equity funds.
The pension moderated the pace of new secondaries commitments, citing a high risk/return bar amid decreased market activity as a result of the pandemic.
Four months after bringing on Jake Stuiver from Evercore to build out the strategy, the firm continues to devote resources to the LP side of the market amid the post-covid rebound.
The full service secondaries firm has hired an MVision vice-president to bolster its ranks amid an advisory talent frenzy.
The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm's family of funds.
The $91bn Brookfield Infrastructure Group plans to seed capital to support a third-party fundraise.
Legend Capital raised $270m for a transaction involving Chinese healthcare assets from two older funds.
The GP-led specialists have led the formation of Brentwood Associates Opportunity Fund with assets from the managers’ two previous vehicles.
The fundraising haul includes $1.5bn for a dedicated single and concentrated asset vehicle.