Madeleine Farman
Madeleine Farman is the editor of PEI Group’s Secondaries Investor title based in London. Prior to joining PEI, she had covered private equity, private capital and advisers associated with the industry for other newsrooms and publications since 2016. Originally from New Zealand, Madeleine began her career in radio in Auckland.
The transaction, which saw AlpInvest and HarbourVest as co-leads, was oversubscribed with One Equity having to turn investors away and cut back its existing investors.
Greenhill's private capital advisory unit, which advises on LP and GP-led secondaries transactions, will be included in the acquisition.
The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.
Secondaries Investor speaks with Marc Lipschultz, co-founder and co-president of Blue Owl, on the back of its appointment of a former Goldman Sachs partner to lead the strategy.
David Overton will be joined by two investment professionals who will relocate from the secondaries firm's Switzerland headquarters.
Dominik Woessner joins from GP advisory firm Thrive Alternatives, where he spent two years as a managing director.
Oakley is seeking to continue its hold of German university group IU Group, which it initially backed in 2017.
The average number of secondaries transactions advised on sat at 24 in a year where overall secondaries market volume was estimated at around $110bn.
The launch comes as Ares is set to mark the two-year anniversary of its acquisition of Landmark Partners.
LP-led mosaic transactions appear to be a common feature in the market today; expect them to remain for the foreseeable future.