Real estate

Following a multi-year selection process, two senior executives have been elevated as eventual heads of the business, while three have departed the secondaries manager.

Anton Orlich, architect of the US pension giant’s PE turnaround, will now also be responsible for its private credit, real estate, infrastructure and other alternative programmes.

The manager has secured more than $650m across a global program focused primarily on GP-led secondaries but seeded with an LP-led fund portfolio.

Luxembourg-based APS Holding sees opportunity to acquire leftovers of larger portfolios from their original buyers.

Global real estate secondaries transaction volume increased last year, with larger-scale liquidity structures a growing feature of the market, per the manager’s latest research.

Q1 saw 27 CVs close, with nine involving asset classes beyond private equity.

Following the announcement of Lazard’s agreed acquisition of Campbell Lutyens, future co-CEOs Holcombe Green and Gordon Bajnai discuss what to expect once the deal closes.

The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.

Our inaugural survey takes the temperature of LP, GP, buyer and provider attitudes towards this fast-growing market.

Secondaries Investor’s inaugural survey of LPs, secondaries buyers, GPs and advisers offers a complete view of the market and the direction it’s heading in. Conducted in partnership with Goodwin.