Asset classes

Moelis hires ex-Manulife duo in secondaries advisory bulk-up

Paul Sanabria and Jeff Hammer will return to their advisory roots as part of the investment bank’s ‘aggressive’ push.

China’s massive sovereign fund explores secondaries sale of US PE funds

The transaction, which could total as much as $1bn in size, is understood to comprise a concentrated list of funds and managers.

Kline Hill seeks to leverage TA’s expertise as it sells minority stake

After hearing pitches from more than 50 suitors over the years, Kline Hill found a match in TA, managing partner Mike Bego told Secondaries Investor.

SQ Capital taps PE veterans from Permira and Carlyle

Mid-market-focused secondaries firm SQ Capital was launched in January by Blackstone’s former global head of GP stakes Mustafa Siddiqui.

Arcline, eying $5bn for next fund, completes $1bn hybrid liquidity process

As traditional exits remain sluggish this year, GPs are getting creative in finding ways to deliver liquidity to limited partners in older funds.

TPG NewQuest steps up as buyer on Navis’s latest CV

Navis Capital Partners has moved some of its holdings in a portfolio of Southeast Asian education assets into a $230m continuation fund.

Yale remains committed to PE as it confirms portfolio sale

The university will continue to actively seek new relationships with PE firms, a spokesperson told Secondaries Investor.

Nebraska Investment Council elects to sell in two Leonard Green CVs

The two continuation funds involve four assets from Leonard Green’s 2011-vintage Green Equity Investors VI, which NIC backed in 2011.

How tariff turbulence is hitting private markets

In this podcast, PEI Group editors discuss what GPs say they’re focusing on amid the trade war-induced uncertainty, how the secondaries market stands to benefit, and how investors are reacting to the volatile environment.

Butterfly Equity shops single-asset CV for restaurant chain

The process, involving a fast-casual Mexican food chain, adds to the trend of restaurant businesses being rolled into CVs.