The flight towards high-quality assets is ongoing as buyers wait for clarity on the real economic impact of covid-19, according to Jasmin Capital's head of secondaries.
The firm has held the final close on its latest secondaries vehicle, which is already 20% committed to deals involving GPs such as Thomas H Lee Partners and Clearlake Capital Group.
The management team of Glouston Partners bought it out of $22bn hedge fund and private equity manager Permal Group in 2016.
Campbell Lutyens worked on $12.5bn of deals last year including five single-asset restructurings, two strip sales and two preferred equity deals.
Brian Mooney is one of seven high-level executives to have resigned from Greenhill's secondaries advisory unit in recent months.
The secondaries market is more seller-friendly than ever, allowing sponsors to push terms that surprise even seasoned pros. This is unlikely to last.
This is the second GP-led process that HarbourVest has led on a Portobello fund, after the 2015 restructuring of 2006-vintage Fund II.
Investors cannot afford to ignore a GP set that has largely outperformed industry benchmarks, even during a pandemic.
Nik Morandi, who helped lead the Canadian pension's secondaries unit from London, is joining the firm's Strategic Partners unit this month.
The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.