Rod James
MetLife Investment Management has closed a $1.6bn fund seeded by a portfolio acquired off its own general account, part of a trend of insurers looking to become asset managers.
Founder Benjamin Revillon discusses the firm's recent fundraising and how it is planning to deploy $765m in an inflationary environment.
The Conshohocken, Pennsylvania-headquartered alternatives manager is in market with its sixth secondaries fund, having raised $3.9bn for its predecessor.
The fund has $250m of initial capital to invest primarily in secondaries and will target high-net-worth individual investors in the US.
Claire Woolston Commons will focus on LP-led deals, which made a comeback in the second half of 2021 as buyer appetite for diversified deals returned.
The firm's debut secondaries fund raised €358m to invest in North American and European buyout funds in the lower mid-market.
Declining multiples spell trouble for deals done in recent years, when valuations were at historic highs, said ex-Ardian secondaries head Vincent Gombault.
Guggenheim Securities is taking another bite of the apple after the departure of its private capital advisory group in May.
Alexandra Chauvin ranked 13th in Secondaries Investor‘s 2020 Next Gen Leaders listing of the most promising people in secondaries under the age of 36.
Global Secondaries VI has a levered sleeve targeting returns of more than 20%, a feature more commonly found in credit funds.