Rod James
The fund will invest in assets acquired by 2019-vintage Insight Venture Partners XI, following the launch in 2021 of a vehicle targeting Fund X investments.
BlackRock has reorganised its team as it pushes ahead with fundraising following the departure of three MDs to Apollo last month.
Oliver Gardey and Ryan Levitt discuss market volatility, the need for specialism in secondaries and the likely drivers of LP deals in 2022.
The Greenwich-headquartered secondaries buyer has been expanding quickly, making three MD appointments in the space of a year.
The preferred equity and NAV lending specialist agreed to be acquired by Oaktree in March and closed its debut fund dedicated to NAV-backed lending in April.
The Singapore buyout shop, which spun out of Standard Chartered in one of Asia's largest secondaries deals, will initially target GP-led deals in Korea.
If it hits its target, Ashbridge Transformational Secondaries Fund II will be the largest GP-led-dedicated fund to hold final close.
More specialised, more data-driven and ever seasonal: PEI considers what the LP secondaries market might look like in five years’ time.
The invasion of Ukraine has driven up the price of energy stakes, creating an opportunity for LPs to sell without having to accept a big discount.
LP scepticism, co-investors’ grievances and a disregard for fairness opinions were some of the secondaries-related themes to emerge at last week’s CFOs and COOs Forum in New York.