North America

A raft of secondaries investors participated in Crescent’s continuation vehicle, including co-lead Allianz Global Investors.

The pair will eye ‘additional areas of collaboration’ amid the insurer’s plans to raise its alternatives exposure.

The secondaries specialist is positioning itself to take advantage of a ‘silver tsunami’ in the US and Europe.

While fundraising continues to skyrocket, the amount of dry powder available has remained ‘fairly flat’, and more capital is needed for the market to keep pace with demand, Evercore’s Nigel Dawn tells Secondaries Investor.

SISF V is the largest infrastructure vehicle that Stafford has raised to date and brings its total infra AUM to $2.7bn.

Under the TPA an LP’s selling decision is more likely to be driven by opportunistic considerations, rather than breaches of asset allocation targets.

Many GPs have been seeking ways to sort out assets lodged in older funds, with limited partners increasingly seeking liquidity.

The firm is seeking to raise $300m for the strategy, head of private equity partnerships Nicolas Muller tells NPM.

The promotions bring the firm’s total number of partners to 28, according to a statement.