Spin-Outs

The former captive unit of Deutsche Bank is no longer the parent company’s ‘neglected child’.

The unit has formed Glendower Capital, focusing on private equity secondaries from London and New York, Secondaries Investor has learned.

The National Bank of Greece spin-out will focus on delivering returns for its two backers, chief executive Graham Thomas told, Secondaries Investor.

Jordan Bradley joins New 2nd Capital as a partner after spending 10 years at the fund of funds, Secondaries Investor has learned.

The UK developer's $618m fund has made investments that include solar power, marine transportation and energy utilities in Europe and the US.

Tjarko Hektor, who worked on North American secondaries at Carlyle's fund of funds until last year, has launched New 2nd Capital, focusing on GP-centred transactions.

A compelling idea, we'll admit, but not true. It’s one of the thought-provoking statements that Secondaries Investor has tested out on market participants this week.

The National Bank of Greece has signed a €288m deal to spin out its private equity unit 18 months after proceedings began.

The management team at JPMorgan's listed secondaries unit will move to New York-headquartered Fortress's credit business.