Amanda Janis
Pinal Nicum will end an eight-year career with London-based Coller to become Adams Street's second European partner focused on secondaries.
Several 3i partners will join DFJ Espritโs venture secondaries arm, which will manage a portion of 3iโs European VC assets with backing from Coller and HarbourVest.
The secondaries firms have established a ยฃ170m fund to acquire assets from 3i that will be managed by DFJ Esprit's nascent secondaries arm, Encore Ventures.
Jon Moultonโs resignation letter to LPs boldly advises winding down the firmโs non-traditional fund and breaking up the portfolio โ a suggestion not lost on rivals and secondary investors.
The secondaries specialist is working with several institutions on preferred annex fund-type structures that help LPs to meet capital calls and make fresh commitments.
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
The Swiss alternatives firm has gathered more than a third of the $750m target for its latest global secondaries fund.
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
The London-based secondaries firm has added Robert Savage to its team of 12 investment professionals as it invests a โฌ730m fund and prepares to raise Fund IV.
Newbury Partners, launched by Auda Advisorsโ former secondaries team, has already committed 25 percent of its debut fund.
