Rod James
The secondaries market has largely repelled the threat of technological disruption. But with growing numbers of startups banging on the door, it may not be able to do so for long.
The fees and carry of Lexington Capital Partners Fund IX were revealed in US pension documents.
The investment firm is targeting more than twice than what it sought for its predecessor with its fifth dedicated secondaries fund.
Ryan Levitt joins fellow Pomona alumni Olver Gardey to help manage ICG's $1bn listed PE vehicle.
The Stamford, Connecticut-based secondaries firm is targeting 40% more than its 2017-vintage predecessor.
The two firms, which accounted for nearly $22bn of transactions last year, have made several promotions and hires.
The investment firm has hired Olga Kosters to lead the launch of its debut debt secondaries vehicle.
Motoya Kitamura, who will alternate between the firm's Hong Kong and Tokyo offices, was managing partner with Asian secondaries specialist AB Value Capital.
The VC secondaries investor has raised around $104m, having returned to market in June.
The world's largest asset manager is set to come to market in 2020.