Secondaries

Greenhill’s private capital advisory unit, which advises on LP and GP-led secondaries transactions, will be included in the acquisition.

The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.

David Overton will be joined by two investment professionals who will relocate from the secondaries firm’s Switzerland headquarters.

Dominik Woessner joins from GP advisory firm Thrive Alternatives, where he spent two years as a managing director.

The average number of secondaries transactions advised on sat at 24 in a year where overall secondaries market volume was estimated at around $110bn.

The launch comes as Ares is set to mark the two-year anniversary of its acquisition of Landmark Partners.

Aquilius founder Bastian Wolff spent 15 years at Partners Group, including most recently as head of Asia private real estate, while fellow founder Christian Keiber was previously a managing director in Blackstone’s Asia PE team.

Coller acted as sole lead on the transaction, which represents the third deal the firm has carried out with China’s Legend Capital.

Supply from managers looking to the secondaries market to hold onto assets for longer periods continues to grow.

Healthcare specialist BPOC moved five assets into a separate fund in an Asante-advised process.