Rod James
The small-cap-focused team is led by Ludovic Douge, a Secondaries Investor Young Gun.
The economic shock caused by coronavirus is already filtering down into the asset class.
The secondaries firm is targeting €1.25bn for its fourth flagship fund.
Angel Island Capital raised $440m for its debut third-party capital fund from a mix of secondaries and primary investors.
Higher fees and difficulty in agreeing on side letters with secondaries funds were among the reasons given.
Richard Olson is moving into valuations, having left the financial services firm in June.
The alternatives manager has more than 125 investment professionals across Asia, Europe and the Americas.
The vehicle will be the firm's second flagship after becoming an independent entity in 2017.
Secondaries firms with local knowledge and an appetite for bureaucracy could reap the rewards.
The firm has played a growing role in GP-led deals, including co-leading a restructuring on Permira's 2016-vintage fund.