News & Analysis

The GP-led market is predicted to reach about $93bn in total volume this year, according to a report.

Sameer Shamsi will continue his focus on GP-led secondaries advisory at Lazard, Secondaries Investor understands.

CVs continue private equity’s history of innovation and evolution and will likely become part of the asset class’s long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

Other recent moves at PJT include the exit of a principal to Bank of America, and the hire of a senior investment professional from NYCRS as a director.

The Geneva-headquartered manager’s sixth secondaries vehicle closed on €1.7bn and will target the mid-market.

The firm has been eyeing the launch of an infrastructure evergreen since last year, Secondaries Investor previously reported.

NewView Capital Fund IV arrives in the market as venture secondaries are heating up, driven by overallocated LPs pressing GPs to expand distributions as a way to replenish capital stocks.

The sale included a core portfolio as well as another bundle of fund interests offered to buyers, Secondaries Investor understands.

The firm’s spin-out of Carlyle Group co-founder David Rubenstein’s single-family office Declaration Capital allows it to take on third-party capital and scale, co-founder Alexa Rachlin told Secondaries Investor.

Australian VC secondaries specialist SecondQuarter sees a multi-billion-dollar gap in the local market, managing partner Ian Beatty told Secondaries Investor.