Fundraising

Secondaries Investor reported in October that Rothschild's Five Arrows unit was leading the stapled deal.

Charlie Bott joins the firm's global advisory board, having retired from the UK buyout manager in 2018.

Details of Abbott Secondary Opportunities II's hurdle rate and carried interest were revealed in US pension documents.

The firm targets Nordic buyout funds via portfolios, single lines, restructurings and co-investments.

The investment bank's AIMS team was targeting $7bn for Vintage VIII, which launched in late 2018.

Kate Simpson has joined the advisory firm and placement agent as general counsel.

The fund has sub-vehicles investing in asset classes such as PE, debt and infrastructure, each of which can commit 30% to secondaries.

The Q4 year-on-year drop from $7m to $1m is due to the run-off of legacy assets and several large fundraisings having yet to come to market, said co-chief executive Glenn Youngkin.

The venture capital specialist has closed a $125m fund targeting primary-, early secondary- and direct investments in technology-focused buyout funds.

Several large infrastructure deals are in market, including the sale of a portfolio of stakes by Alaska Permanent Fund.