Secondaries

A rebound in oil pricing is helping to narrow buyers’ and sellers’ expectations.

The pension committed $100m to Landmark’s real estate secondaries fund, the first it has made with a secondaries manager that is not Ardian or Lexington.

Leerink Revelation Partners, which can by direct stakes and take positions in healthcare funds, has nearly $400m under management.

Latin America is poised for increased deaflow at decent discounts, according to Spectra Investments’ Ricardo Kanitz.

Ludovic Douge, head of secondaries at advisory firm and placement agent Jasmin Capital, discusses FIPs and FCPIs and why an inability to extend the vehicles’ lives is spurring restructuring opportunities.

The fund is seeking $1.2bn to invest in LP stakes, directs and GP-led transactions in funds of between three- and eight-years of age.

The endowment has committed $10m to its latest flagship fund, which is seeking $12bn for secondaries.

Pierre Garnier, who spent three years at Pantheon and was most recently a vice-president at Lazard, joined the preferred equity specialist in June.

Norbert Fernandes, who spent four years at the Singaporean state investment firm, will head up the direct secondaries specialist’s third outpost in the region.