Europe

Pantheon targets $500m for debut real estate raise with refined secondaries strategy – updated

The firm is understood to have refined the types of secondaries transactions it will target to those owned by an owner-operator.

Kirkland taps Fried Frank for latest partner hire

This is the law firm’s second hire to partner this year in its investment funds group after that of Aleksander Bakic from Akin Gump.

Pantheon hires ICG’s head of responsible investment as global ESG head

ICG has appointed Barclays’ Elsa Palanza as global head of sustainability & ESG from Barclays, while Eimear Palmer joins Pantheon’s investment team as global head of ESG.

Cubera hires Allianz’s ex-sustainability head

Cubera is raising its first primaries impact fund and plans to ‘explicitly address and manage the sustainability performance’ of all its funds.

Verdane halfway to $1bn-plus target for latest flagship

The European direct secondaries specialist is seeking more than $2bn across separate vehicles.

Astorg to raise its first single-asset fund

The move from the Paris-headquartered buyout shop comes as GP-led processes eat more and more into the secondary buyout market.

17Capital promotes three to partner

The preferred equity and NAV lending specialist agreed to be acquired by Oaktree in March and closed its debut fund dedicated to NAV-backed lending in April.

Goldman and LACERA lead single-asset on healthcare specialist

GHO Capital Partners has moved a company out of its 2015-vintage first fund into a continuation vehicle in a Rede Partners-advised process, Secondaries Investor has learned.

Jeremy Coller cedes company equity to firm’s partners

All Coller Capital’s partners will share a 25% stake in the business, the first change to the firm’s ownership in its history.

Clifford Chance makes secondaries partner promotion

London-based Oliver Marcuse has worked on GP-led processes involving Mid Europa Partners and Arcus, as well as portfolio sales for LPs such as abrdn.