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Pomona Capital: The evolving secondaries market

Secondaries firm Pomona Capital celebrates its 25th anniversary this year. Chief executive and founder Michael Granoff discusses how the secondaries environment and Pomona have evolved and what he sees for the future

New Hampshire commits $75m to HarbourVest and Top Tier

The pension, which has $1bn in PE assets, invested in Dover Street X and a VC fund of funds managed by Top Tier Capital Partners.

Ardian receives $150m commitment from Penn SERS

The pension, which has almost $4bn in PE assets under management, has committed $100m to ASF VIII and made its first commitment to an Ardian co-investment fund.

Hamilton Lane collects $700m so far for fifth flagship

The firm is seeking $3bn for Hamilton Lane Secondary Fund V, more than twice the target of its 2015-vintage predecessor.

AlpInvest ex-fund of firms head launches GP-interest shop

Sean Gallary, who left The Carlyle Group unit last year, has launched Stonyrock Partners with a former BAAM managing director.

Sacramento County explores becoming secondaries buyer

The pension's advisor Cliffwater has recommended the pension offload older stakes and exploit the lack of competition at the small end of the market by purchasing individual fund positions.

Blackstone to become corporation after Trump tax cuts

New status is expected to widen the range of US and foreign owners of Blackstone’s stock.

BlackRock continues secondaries build-out

The world's largest asset manager has added a director and an associate to its growing secondaries team.

HarbourVest’s Dover Street X terms revealed

The investment firm is offering an annual fee reduction of 5 basis points to LPs that commit to Dover Street X before the end of May.

CalSTRS re-ups in Ardian’s latest secondaries fund

The US's second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm's previous secondaries programme.
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