The private equity firm has already raised around half the target of Bridge No.5-B Private Equity Secondary Investment Fund, Secondaries Investor has learned.
Data from NYPPEX and Elm Capital show holding on to the oldest of these assets might not be worth the trouble.
The Blackstone unit is part of a consortium which will acquire private equity stakes in a deal worth more than $1bn, Secondaries Investor has learned.
The promotions at the advisory firm include a 2016 Young Guns of Secondaries finalist.
A step-by-step look at how a recent transaction unfolded.
Heidi Crebo-Rediker, chief executive of international capital strategies at US think tank the Council on Foreign Relations, is the latest high-profile hire for the advisory firm.
The family office-focused advisory firm believes high pricing at the peak of the cycle coupled with longer holding durations will contribute to a fall.
Members of the Secondaries Investor Young Guns classes of 2016 and 2017 gathered in London to share notes and a few drinks.
The firm is understood to be seeking around $12bn for its latest flagship in a year when several large secondaries firms are expected return to market.
Hermance Capital Partners will invest into its three target asset classes through primary and secondaries transactions, co-investments and direct investments.