The private equity unit of ABN AMRO, the Netherlands' third-largest bank, have spun out in a Lazard-advised deal.
Anwer Farooqui, who spent 30 years at the gulf SWF, has joined the firm formed by two ex-Coller Capital partners.
University of Michigan endowment's sale is the latest in a series of large divestments by North American institutional investors.
Greenhill advised the Californian pension to split the interests into main and tail-end portions.
The $16.7bn US pension wants to reduce its number of GP relationships.
The process on the 2006-vintage, $8.1bn Fund VI is being put to limited partners on Wednesday, Secondaries Investor understands.
Canada Pension Plan Investment Board has emerged as the buyer of a private equity portfolio from Ontario Teachers' Pension Plan.
The close comes after a ‘strict and intellectually rigorous process’ to move assets from the group’s first fund, according to chief investment officer Carlo Michelini.
The $52bn US pension joins a growing list of North American institutions that have sold large portfolios this year.
The secondaries firm is expected to syndicate the deal involving two Asia funds, Secondaries Investor understands.