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SI Decade: Zombie funds to continuation vehicles

In this second episode of the Decade of Secondaries Investing miniseries, Blackstone’s Verdun Perry and Evercore’s Nigel Dawn look at how the continuation fund market has evolved over the last decade and how it may evolve in the years to come.

Unigestion taps Abrdn for secondaries hire as it deploys sixth vintage

The mid-market specialist is seeking €1.5bn for Unigestion Secondary VI, according to Secondaries Investor data.

Whitehorse’s Robard: secondaries is facing decade of capitalisation

$1trn in annual deal volume is achievable with upticks in secondaries trading in non-PE asset classes, NAV lending, preferred equity and GP stakes, according to Whitehorse Liquidity Partners’ founder.

Moelis’s head of private funds advisory to step down

Secondaries advisory has become a desired function at investment banks, and many smaller, mid-market focused financial institutions brought on secondaries talent in recent years.

PEI’s Women of Influence on themes shaping GP-led secondaries

Three of PEI’s Women of Influence – Morningside’s Tori Buffery, KKR’s Saleena Goel and LGT’s Martha Heitmann – share their outlook on the GP-led secondaries market.

HQ eyes Australia’s secondaries market following ex-Ardian hire

The firm has appointed Michael Hu, a former managing director at Ardian, to lead its regional investment and business development activities from its new office in Singapore.

Rede hires Lazard managing director as head of strategic capital advisory

Riccardo Villa will advise firms accessing capital at both the portfolio and corporate level.

Rothschild taps ex-AlpInvest’s Moerel to advise on GP-leds

Rothschild advised on €2bn of GP-led deal volume last year, including infrastructure continuation fund deals for Ancala Partners and DWS.

Investec expands GP advisory with Asante, Credit Suisse, HarbourVest hires

The bank has tapped three advisory professionals to join its team under former Eaton Partners exec Stefano Manna.

Jefferies brings on secondaries advisory talent from William Blair

The hires come as secondaries advisory groups shift and expand, with some places growing their capabilities to meet increasing demand for transactions such as continuation funds and LP portfolio sales.