Rod James
London-based Oliver Marcuse has worked on GP-led processes involving Mid Europa Partners and Arcus, as well as portfolio sales for LPs such as abrdn.
The US subsidiary of the Japanese financial services conglomerate will initially invest off balance sheet before launching a third-party fund.
Ares Management's private equity secondaries product, managed by the Landmark Partners team, has suffered key departures in the past year.
Future Essentials II makes primary-, secondaries- and co-investments with managers with strong ESG credentials.
The firm has been building out its EMEA secondaries firepower in recent months with hires from Kirkland & Ellis and now Fried Frank.
The investment bank brought in Evercore senior managing director Rodney Reid last year to head its global private funds advisory group.
Jake Elmhirst was a managing director and founding member of the Private Funds group at UBS, which he left last year after 25 years.
The boutique investment bank is bringing on executives from M2O and Lazard to work alongside secondaries advisory head Mike Custar.
ASF VIII Infrastructure has already invested 30% of its capital, including acquiring a $1.5bn portfolio offloaded by insurer Northwestern Mutual.
A simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.