Fundraising

The firm has hit its €650m target for mcp Opportunity Secondary Program IV after three months of fundraising, Secondaries Investor has learned.

Imene Boumalala, a more than decade-long veteran of Neuberger, joins the firm as it eyes returning to market with its latest strategic secondaries fund.

Market participants gathered on the Cote d’Azur to discuss the industry’s biggest issues. Here are the key takeaways.

Record volumes, high prices and the growing popularity of VC funds are among the trends outlined in recent reports from the secondaries advisors.

The fund, which was targeting $1bn, includes El Paso City Employees' Pension Fund, according to PEI data.

The fund can issue debt or preferred equity and buy fund stakes on the secondaries market, documents from a US pension show.

The record amount of capital hauled in for private equity secondaries in 2017 is unlikely to be repeated in 2018.

Private equity and real estate secondaries funds raised more than a combined $38bn last year, driven by Strategic Partners and Goldman Sachs Asset Management vehicles.

The Asian direct secondaries firm has hired Motoya Kitamura, previously founder of Roc Partners, as managing partner.

The private equity fundraising veteran will no doubt be called upon as the secondaries firm ramps up marketing for its eighth global fund.