Secondaries

Crescent Capital Partners is moving an Australian healthcare recruitment business into a separate vehicle.

Jinkens will give PJT an on-the-ground ability to focus on LP-led advisory in Europe as well as the Middle East, Secondaries Investor understands.

The pension collected about $860m from the deal, which was its largest disclosed secondaries transaction during the quarter.

Carlyle’s secondaries unit is seeking north of $10bn for AlpInvest Secondaries Program VIII, Secondaries Investor has reported.

The fund will invest across multiple strategies including primaries, secondaries and co-investments.

Stefano Manna joins as head of GP advisory and will help the bank provide sponsors with a range of services including single- and multi-asset continuation funds.

The firm is also seeing ‘exciting opportunities’ in the opportunistic side of the business including real estate secondaries and structured equity, according to chief executive Michael Arougheti.

Presenting the latest instalment of Second Thoughts, an ongoing miniseries from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.

Traditional LPs contemplating GP-led focused funds have been intent on identifying examples of fully crystallised continuation funds in recent years.

Secondaries fundraising January through end-September was bolstered by large vehicles managed by Blackstone Strategic Partners and Goldman Sachs Asset Management.