As private equity firms await a decline in valuations to deploy dry powder, GPs and LPs alike are looking at whether there is ample liquidity to meet capital calls.
The South Korean secondaries fund will invest in private equity and special situation portfolios in South Korea and Asia Pacific.
Pantheon International Participations has seen its net asset value grow by more than 20 percent in the last year. Current market conditions are causing the fund to shift focus nearly exclusively to the booming secondaries market.
The London-based secondaries firm has added Robert Savage to its team of 12 investment professionals as it invests a €730m fund and prepares to raise Fund IV.
The promotions of Brett Gordon, Alex Rogers and John Toomey brings to 20 the firm’s total number of managing directors worldwide, with five focused on the firm’s secondaries business and four working on direct investments.
The London- and Paris-based secondaries shop has closed its latest fund and is looking forward to the ‘attractive opportunity’ for the secondaries market caused by credit market dislocation.
The UK technology secondaries specialist will become the new manager of the €36m Lynx Capital Ventures fund, formerly operated by London-based Bear Stearns Asset Management.
The private equity secondaries firm has purchased its first portfolio made up exclusively of Latin American companies from Buenos Aires, Argentina-based Pegasus Capital. The transaction is the first for Paul Capital’s São Paulo office.
The seller of the interest has not been named, though Liquid Realty said the fund manager focuses on core office properties in the West End of London.
The San Francisco-based private equity real estate secondaries firm appoints former Redwood Trust mortgage specialist John Arens as director.