North America

The manager’s $1bn CFO created access for insurance investors that had lost the ability to back PE, while offering a compelling capital raising strategy for the firm itself.

The firm’s inaugural European senior debt fund was launched through an innovative secondaries process backed by Carlyle AlpInvest.

Aqualis’ offering will focus on what the firm sees as an underserved part of the secondaries market: smaller transactions.

Q1 saw 27 CVs close, with nine involving asset classes beyond private equity.

The portfolio is being sold to a newly formed joint venture established between funds managed by Arrow Global Group and Fortress Investment Group.

Rising buyside demand and greater emphasis on asset selection have reduced the percentage of CVs priced in the lower range, according to the firm’s latest CV study.

The senior managing director is Evercore’s latest joiner, with the investment bank also building a credit secondaries team in Europe and hiring an APAC head earlier this year.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm’s wealthy client base in Asia and a continued rise in new allocations to private credit.

Following the announcement of Lazard’s agreed acquisition of Campbell Lutyens, future co-CEOs Holcombe Green and Gordon Bajnai discuss what to expect once the deal closes.

While some software businesses are poised to become stronger on the back of a wave of AI innovation, there will be others that suffer or become obsolete, says managing director Jeff Keay.