Michael Baruch

The acquisition is at least the fourth this year by a large firm looking to get in on a rapidly expanding market.

These hires bring the fund solutions team to 26 as it endeavours to expand its presence in NAV lending and secondary financing.

Ardian and HarbourVest Partners led the process that also involved anchor investments from CPP Investments and Partners Group.

The international law firm has made seven growth hires into the group since December.

The list includes vehicles from Lexington Partners, Blackstone and Landmark Partners as the fundraising environment heats up.

The firm's European investment funds group has hired a partner with GP-led fund restructuring experience to its Paris office, the unit's hire in France.

Growth, VC and distressed funds have had significant shrinkages in discounts to NAV, according to Setter Capital's latest pricing report.

The appointment comes a month after the investment bank hired a former Apollo Global Management and Credit Suisse exec to work on the strategy.

The investment bank is the latest to launch a secondaries advisory unit and has hired a New York-based executive to assist with its push.

There's a confluence of returning LP stake volume and the newly minted GP-led side of the market, the firm's US secondaries heads tell Secondaries Investor.