Middle East

The firm’s Abu Dhabi office will be led by managing director Doug Bourne, who joined from Schroders earlier this year.

Secondaries Investor launches its inaugural Global Market Survey to map the market, its drivers and the changing nature of the asset class.

The sovereign wealth fund deployed significant capital into secondaries opportunities across private equity and infra last year.

Rolling investors into the new fund include Partners Group, HighVista Strategies, Committed Advisors and Hollyport Capital, according to a statement.

The fund has collected $365m, which is nearly double its launch target.

Coller Capital misses out on Secondaries Firm of the Year to Ardian, which transacted on more than $15bn across the US and Europe during the judging period.

The Middle East has seen increased interest in recent years with placement agents, advisory firms and GPs opening outposts there.

The oversubscribed vehicle is more than $300m larger than its predecessor.

The NAV-lending specialist has also opened an office in Dubai, bringing its global bureau count to three.

Public Investment Fund is an LP in Ardian’s predecessor vehicle, which closed on $14bn in 2020 ahead of its $12bn target.