Western Europe

Eye-watering legal charges have been likened to ‘racketeering’; industry co-operation could solve the problem.

Transfer agreements are seen as a $100,000 ‘copy & paste job’ by some and ‘complex legal contracts’ that law firms are losing money on by others.

‘I can hand on heart say there has never been a deeper, more robust pipeline than the one that we have right now,’ HarbourVest’s Jeff Keay told Secondaries Investor on the back of its $15.1bn flagship raise.

The hires come after the asset manager brought on its first London-based, dedicated secondaries professional in April.

Secondaries Investor reported in March that Goldman Sachs and AlpInvest Partners were investors in the deal involving global life science ingredients distributor Barentz.

Pantheon took the lead on SMBC’s secondaries transaction to seed a private credit fund.

Industry leaders from Ardian, Coller Capital, Evercore and more share their top fiction and non-fiction recommendations for whiling away the time on your summer vacay.

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

The inclusion of adjacent strategies such as GP stakes and portfolio financing in volume reports shows how what matters to secondaries market participants is evolving.

The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.