Secondaries

Beate Pelz has left the preferred equity specialist after two and half years as the firm adds an analyst to its team.

The Singaporean state-backed investor has been acquiring private equity stakes on the secondaries market to include in the portfolio, Secondaries Investor has learned.

Funds that closed this year took on average two months longer to raise than those that closed last year, with the mean fund size slightly up on 2016.

The VC-focused fund of funds made six promotions across its investment and operations team as it continues to deploy secondaries Fund X.

Submissions for sister publication Private Equity International’s annual industry awards begin next week, including 12 categories for secondaries.

The firm’s niche secondaries fund has closed above its $400m target after 16 months of fundraising.

The new office – the placement agent’s ninth globally – will facilitate the firm’s increasing work in the secondaries advisory space.

The sale is understood to be linked to changes to the sovereign wealth’s London office, which handles its European private equity investments.

There are reportedly multiple buyers in the tender offer on Fund V, all of which will make a contribution to its CEE-focused successor..

Intermediary PEFOX’s Kishore Kansal explains how the wall of capital may have turned into the market’s most significant limiting factor, hindering its full potential.