News & Analysis

The move marks the latest in a string of people moves across advisory and buyside players.

An Evercore vice-president joins as managing director and will lead the construction of Moelis’s LP-led secondaries business with three others, Secondaries Investor understands.

Ahead of first-half volume reports, secondaries advisers share their views on what the market can expect in H2 following the latest wave of macro volatility.

Secondaries Investor’s list of buyers’ top book and podcast recommendations offers something for everybody to enjoy on this year’s vacation.

The firm’s focus on smaller-size secondaries has helped differentiate its latest secondaries fund – which recently closed on $677m ahead of its target – from peers, head of secondaries Patrick Knechtli told Secondaries Investor.

The €2.3bn Fund V has raised more than double the amount of its 2021-vintage, €1bn predecessor.

The appointment fills the role of former Singapore-based director Robin Seng, Secondaries Investor understands.

While more LPs are participating directly in CVs and secondaries transactions, such investors remain ‘the exception, not the norm’ in the market, according to BCI’s global head of PE.

Secondaries buyers are increasingly asking advisers to source fund financing for CVs to optimise returns, according to a speaker at the European Fund Finance Symposium.

The industry body’s prior guidance was ‘silent on a lot of things’, chief executive Jennifer Choi tells Secondaries Investor.