Madeleine Farman
The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.
Pennsylvania Public School Employees’ Retirement System's sale included stakes in funds managed by New Mountain Capital, Apollo Global Management and Platinum Equity.
Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries deals.
LP-led deals accounted for $40bn of the $68bn of global secondaries volume seen in H1 2024 as bid-ask spreads narrowed.
It is understood Lazard’s head of US secondaries advisory Amanda Ugarte will join the investment bank to head up and build out its secondaries advisory team.
The secondaries industry is stepping up its reporting of the performance of continuation fund exits.
The USS sale marks the latest sizeable LP-led portfolio that Partners Group has backed in recent months.
The continuation fund for global life science ingredients distributor Barentz is understood to be around €850m in size.
The appointments bring the firm's headcount to 170 employees globally across its Toronto and London offices.
Carlyle's secondaries unit is seeking north of $10bn for AlpInvest Secondaries Program VIII, Secondaries Investor has reported.