Staff Writer
The Japanese fund of funds manager is in the market for a third Asian vehicle targeting secondaries opportunities in the region. It has a target commitment of up to $200m.
The Zanbato Group is beta-testing a website that matches buyers and sellers of infrastructure assets and fund interests. Zanbato was founded last year by Stanford Professor Ryan Orr and is backed by Macquarie veteran Murray Bleach.
In an exclusive interview with Andy Thomson, former Babcock & Brown global infrastructure head Peter Hofbauer discusses his new role at the helm of Hermes GPE’s infrastructure operation and his interest in secondaries.
Paul Capital, HarbourVest, LGT and Axiom have committed around $400m to NewQuest Asia, the spin-out of Bank of America Merrill Lynch Private Equity Asia.
Landmark Partners' chief executive officer, Francisco Borges, says at $718m, Landmark Real Estate Fund VI is the largest single-pooled real estate secondary fund ever raised, while the market is still in the ‘early innings’ of the cycle.
The asset class is seeing funds come to market with dedicated allocations to secondaries, such as funds-of-funds recently closed by Partners Group and Pantheon. A €500m block of infrastructure fund interests currently up for sale also indicates dealflow is picking up sharply.
Blackstone spin-out Millennium is building its team in anticipation of what it believes will be a record-breaking year for secondary venture capital investments.
James Sunday has been named partner at the Simsbury, Connecticut-based group, while Ira Shaw has been promoted to vice president.
The $14.5bn state endowment wants to pare down its private equity portfolio, which contains 150 funds from 80 GPs, to a size that its small staff can better manage. No word yet on the potential size of the sale.
Direct secondaries specialist Cipio Partners garnered €137m in capital for its first blind-pool — short of its original target.