News & Analysis

Andrei Brougham has agreed to join Goldman’s secondaries advisory unit as it seeks to bulk out its European capabilities, Secondaries Investor understands.

Alvaro Rosado joins the tertiary shop as it closes its first investment, acquiring around $140m of interests in funds managed by two prominent secondaries buyers.

Q3 saw $60bn of secondaries volume with just over half made up of GP-led deals, according to estimates from the investment bank.

‘Rolling LPs should be, but often are not, given a status quo option to retain the same economic terms of their investment,’ according to the institute’s latest report on CVs.

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

‘We tend to like single-asset continuation vehicles if the story is right if it’s with a sponsor that we think is the right owner for that asset going forward,’ according to deputy CIO Allen Waldrop.

Two secondaries-focused professionals have been included in PEI Group’s annual list of the most impressive women in private markets.

The firm is looking at launching other strategies and offices, and is seeking to expand its primary programme, founder Michael Bego told affiliate title PE Hub.

The programme is one of the largest infrastructure secondaries platforms raised and follows Blackstone Strategic Partners’ $5.5bn fund close in August.

The deal is one of the rarer energy assets to make use of secondaries as a way to extend holds and deliver liquidity to limited partners in an older fund.