Staff Writer

The secondaries firm has added a principal in New York and has promoted Jason Sambanju to managing director and co-head of the firm’s Asian operations.

The firm has appointment Jeffrey Granoff as principal after opening a New York office. More appointments are expected in the first quarter of 2011 as the firm looks to deploy its $250m debut fund.

Lexington will purchase 33 LP stakes, most of which Lloyds had reportedly acquired when it took over HBOS.

Gerry Grimstone will step down as chairman of Candover Investments as the investment team breaks away to form a new entity, Arle Capital Partners.

London-based Hollyport Capital hit the halfway mark in fundraising for its third secondaries fund, targeting £30m.

The secondaries specialist has joined peers AXA and Lexington on the fundraising trail as it tries to match its 2007 fundraising total.

The New York-based firm has appointed Sean Kelly Rand, formerly of boutique Bell Capital Partners and Lehman Brothers, as director to help lead its activities from the UK capital.

The US bank has put a total of $570m of investments with buyout firm CVC Capital Partners for sale on the secondaries market, reportedly including $250m of investments in two CVC Asia funds.

Tim Flower relocated to the firm’s Hong Kong office from London this month and is the firm’s first dedicated secondaries specialist in the region.

Due to launch early next year, electronic secondaries trading platform Secondcap has hired former AIM head Martin Graham as chairman.