Christopher Witkowsky

The bank has been raising its sixth secondary fund since last year, targeting $5bn.

Barry Miller will take on a new role with Landmark Partners in early June after more than two years running the NYC system’s massive private equity portfolio.

The bank’s Customized Fund Investment Group wants to hire a senior-level secondary executive in the wake of the bank’s sale of its secondaries platform, Strategic Partners.

Partner Erwin Roex has moved into a senior advisor role, adding to Coller's recent personnel shifts, including the departure of high-level New York executive Jonathan Gutstein.

Andrew Caspersen will focus on the growing need of GPs to restructure aging funds that are approaching the end of their lives.

Harvey Lambert, head of the firm’s secondaries group, left in December. A second high-ranking secondaries executive, Kennon Koay, left around the same time.

James McConnell is relocating to London to lead the firm’s European private equity secondaries activity, which has been increasing as banks and other financial institutions use the secondary market to sell fund interests.

In recognition of his significant role in some of AXA PE’s biggest transactions, head of the New York office Benoit Verbrugghe has been given a place on the firm’s executive board.

It’s not surprising LPs get irate about the terms of fund restructurings. But ultimately, they need to be grateful that the market is offering them some kind of way out.

The bank’s alternative investments group is set to beat its $600m target for its second investment vehicle to buy fund interests, and will likely wrap-up fundraising around the end of the year.