Western Europe

The fundraise is part of total capital commitments of $1.5bn across the most recent series in the firm’s family of funds.

The fundraising haul includes $1.5bn for a dedicated single and concentrated asset vehicle.

The private equity stalwart has appointed former Investec fund financing veteran Tom Glover to help grow a GP and NAV-based lending strategy.

The health crisis has been an exogenous factor that has led some LPs to ‘reassess from the ground up’, according to the Blackstone unit’s Europe head.

The law firm has promoted Ed Ford, who in the last year has advised on GP-led transactions worth billions in transaction value, to bolster its secondaries capabilities.

The promotion of Robert de Corainville is one several personnel changes across the preferred equity firm.

The Swiss interdealer-broker has hired two professionals to focus on the asset class, Secondaries Investor has learned.

Thomas Doyle will leave the London-based preferred equity specialist in the coming weeks, having joined from JPMorgan in 2018.

With assets live in the market, outside buyers occasionally swoop in and make better offers, upending months of work building consensus on the secondaries deal.

The fund will partner with high-quality managers to acquire their most attractive companies, according to documents from listed vehicle Pantheon International.