Staff Writer

The alternative investment management firm has appointed Steve An to lead client support and business development at its first office in South Korea.

The firm held a final close for its largest-ever real estate fund of funds.

Total capital gathered in 2015 by closed-ended private equity vehicles with a focus on investments into secondaries looks set to fall short of 2014 fundraising levels.

PEI, the fast-growing publisher of Secondaries Investor, has received a sizeable injection of private equity capital as it continues to expand its coverage of the world’s alternative asset markets.

Pension funds in Europe started investing in private equity later than their US counterparts and don't yet have a strong need for portfolio management.

The European Securities and Markets Authority suggested a pan-EU marketing passport be offered to Guernsey and Jersey but requesting more time to review the regulatory regimes of the US, Singapore and Hong Kong.

Some secondaries specialists ranked high in PEI’s annual list of the top limited partners by commitments.

Whether for acquiring portfolios, ensuring the efficient use of investor equity, or for returning value to investors, secondaries participants are increasingly viewing debt as part of their strategic mix, explains Simon Hamilton, head of Investec Fund Finance.

Using leverage in private equity secondary transactions has its advantages but also raises issues around the form of security of such financings that both buyers and sellers should be aware of, explains Ted Craig, a partner with MJ Hudson in London.

Historic infrastructure performance suggests now is the time for increased infrastructure secondaries opportunities in Canada, writes Nigel Brindley, co-founder of investment advisory firm Stratus Infrastructure.