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.
John Breen, head of funds and secondaries at CPPIB, also serves as vice chair at ILPA. It's unclear whether he will leave ILPA, which would be a 'huge loss', says ILPA executive director Kathy Jeramaz-Larson.
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.
Alpha Associates is raising its debut fund targeting $100m to $150m for mature fund interests in Russia and former Soviet Union countries, says managing partner Petra Salesny.
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.
Abu Dhabi Capital Management is targeting $100m for its first-ever secondaries fund that will focus on investments mainly in the Middle East and North Africa.
The US pension may, if the price is right, sell up to $1bn-worth of private equity holdings on the secondaries market.
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.