Rod James
Brian Mooney is one of seven high-level executives to have resigned from Greenhill's secondaries advisory unit in recent months.
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
This is the second GP-led process that HarbourVest has led on a Portobello fund, after the 2015 restructuring of 2006-vintage Fund II.
The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.
It follows pension’s $300m investment in Ardian's ASF VIII in June, its first commitment to a secondaries fund in more than a decade.
Last week, Newbury Partners sold a position to GP stakes fund RidgeLake Partners. We looked at the ownership of firms that comprise our SI 30 ranking to see who might be next.
Proskauer advised on $20.9bn of secondaries deals last year, one of the most active law firms in the market.
The fund is the 'primary driver' of growth in fee-earning assets under management among the firm's commingled funds, vice-chairman Erik Hirsch said on an earnings call Wednesday.
Strong buyer demand is allowing some GPs to drive better terms for themselves on manager-led deals, according to panellists at PEI's Women in Private Equity Forum.
The alternatives manager is raising the Special Opportunities fund alongside its flagship secondaries vehicle, which is targeting $3.75bn.