North America

Sameer Shamsi will continue his focus on GP-led secondaries advisory at Lazard, Secondaries Investor understands.

Do limited partner advisory committees have any relevance in a world where a sole LP wants to have its day in court?

CVs continue private equity’s history of innovation and evolution and will likely become part of the asset class’s long term set of options for exits, co-managing partners Jeff Rhodes told affiliate title Buyouts.

Other recent moves at PJT include the exit of a principal to Bank of America, and the hire of a senior investment professional from NYCRS as a director.

NewView Capital Fund IV arrives in the market as venture secondaries are heating up, driven by overallocated LPs pressing GPs to expand distributions as a way to replenish capital stocks.

The firm’s spin-out of Carlyle Group co-founder David Rubenstein’s single-family office Declaration Capital allows it to take on third-party capital and scale, co-founder Alexa Rachlin told Secondaries Investor.

The fund will primarily focus on single-asset CV transactions, with additional flexibility to pursue multi-asset CVs and LP-led opportunities, Secondaries Investor has learned.

The single-asset process is part of what looks to be record-setting secondaries activity this year that appears headed for more than $200bn of total volume.

The hire comes after the global investment bank appointed a new Europe-based professional to lead its EMEA business earlier this year.

The deal involves Annington, which was created when Hands helped Japanese bank Nomura acquire military homes in 1996 from the UK government.