Fundraising

The asset manager raised $2.8bn for its previous fund, which was 93% committed as of the end of June 2019.

The firm has held a first close on its fifth fund, which is targeting $1.75bn.

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.