Financial Institutions

Houlihan taps Metlife PE exec for latest advisory hire

The hire is understood to bring the total number of professionals within the investment bank’s directs and secondaries team to 35.

Montana acquires PE portfolio interests via strip sale from parent Prudential

Montana Capital Partners acquired the interests via a strip sale which it then transferred over to a new vehicle managed by Prudential Financial.

Manulife secondaries co-heads to depart the firm

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

Schroders Capital renames PE secondaries funds after leaning into GP-leds

The new designation reflects Schroders Capital’s commitment to the increasing GP-led opportunity set, a spokesperson tells Secondaries Investor.

Japanese secondaries buyer taps up to 50% discounts in global tail-ends – updated

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

Bank of America’s secondaries advisory push to be led by Lazard exec

It is understood Lazard’s head of US secondaries advisory Amanda Ugarte will join the investment bank to lead and build out its secondaries advisory team.

Dutch pension MN part of wave of big LPs seeking liquidity

The deal is part of a series of large LP sales driven by liquidity concerns, the need to rebalance investment exposures in investment portfolios and strong pricing for high-quality private markets funds.

LP sales update: secondaries provide relief to a market under pressure

LPs are turning to the secondaries market to address liquidity constraints amid improved pricing, as compelling supply/demand dynamics and structural innovations help fuel LP-led dealflow.

France’s ODDO BHF doubles firepower with latest secondaries raise

The investment arm of global wealth manager will mainly focus on mid- and large-cap assets via its sophomore fund.

AXA IM and W Capital Partners tie up in latest secondaries consolidation play

AXA Investment Managers joins a growing list of players buying up secondaries shops as it plans to tap GP-led and direct secondaries opportunities in North America.