Adam Le
The Blackstone unit, which launched its latest secondaries fund a year ago with a $6.5bn hard-cap, is yet to hold a final close on the vehicle.
The investment manager is in market with at least six vehicles including a dedicated secondaries fund and a real estate fund of funds.
The China-focused private equity firm hired Lazard at the beginning of the year to help it restructure its $400m fund, PEI's sister publication Secondaries Investor has learned.
The preferred equity specialist is seeking north of €500m for its latest vehicle, PEI's sister publication Secondaries Investor has learned.
The fund of funds manager has hired John Cancellieri to focus on primaries, secondaries and co-investments in its Boston headquarters.
A decline in crude oil prices, the S&P 500’s worst ever start to a year, Brexit, and growth fears in China all contributed to the drop in deal volume, estimated at $12bn.
Firms including HarbourVest Partners and Pantheon were looking at the deal which involved Olympus's 2007-vintage $750m fund.
The investment bank had raised around two-thirds of the target for its latest secondaries fund a month after launching.
The investment bank also raised over half a billion dollars for a dedicated real estate secondaries fund last year, according to documents seen by PEI sister title Secondaries Investor.
The venture capital firm plans to use almost £30m of proceeds raised in the IPO to make primary and secondaries investments.