Rod James
Managing director Ben Wilson and director Alec Brown joined the $10bn asset manager from Pantheon in June last year after the departure of its secondaries co-heads.
China Ping An Insurance Overseas is the asset management and overseas investment arm of the world's seventh-largest listed company.
The deal involved two funds managed by Method Advisors and is understood to have been backed by Strategic Partners.
The listed arm of Intermediate Capital Group de-risked its portfolio by selling stakes in funds managed by IK, Graphite and Silverfleet, among others.
The firm has invested in deals including last year's Allied Universal single-asset process, among other concentrated, growth-oriented secondaries transactions.
The investment firm has collected 70% more for its latest fund than its 2015-vintage predecessor.
The firm targets underperforming funds and difficult situations, which it says have increased as a result of covid-19.
Business that have benefited from the coronavirus crisis are as difficult to value as those that have suffered, says Glendower Capital's CIO at the annual BVCA Summit.
Canada Pension Plan Investment Board's recent transaction shows that even at a time of considerable economic uncertainty, big, diversified portfolios can sell – and at a good price.
The internal appointment replaces Jon Costello, who left in May to set up a buyside secondaries unit with Stone Point Capital.