Private equity

In the latest edition of our Second Thoughts podcast, Pomona’s chief executive Michael Granoff and Proskauer partner Galen Lewis discuss what’s driving LPs to the secondaries market and how uncertainty is impacting investment decisions.

Private equity firms are winning over senior buyside talent as they look to make their mark in the secondaries market.

Rising dry powder and changing attitudes among LPs trading in the secondaries space have laid the foundation for a more diverse and specialised manager pool.

The overall buyers on the deal could account for a portfolio of around $3-$4bn, Secondaries Investor understands.

It’s not the first time that the North Carolina-based PE firm has run a CV to extend its hold of a top-performing asset.

The European investment firm is after a double scoop on ice cream maker Froneri, having completed a concentrated multi-asset deal on the asset in 2019.

The additions include Mark Epley, named a senior adviser supporting secondaries investment origination and sponsor coverage.

The firm has made three new hires this year across its Toronto and London offices.

Khazanah joins a number of APAC sellers this year, with Malaysia’s EPF and China Investment Corp also looking to offload portfolios.

French banking giant Natixis and its affiliate Flexstone see the secondaries market as a potential way to grow third-party capital.