Newbury Partners

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The firm expects to hold the final close by the end of June, PEI sister publication Secondaries Investor has learned.

View the latest capital raises

Some of the LP stakes in the fund have been bought by Lexington and Newbury

The secondaries firm raised $1.1bn in roughly nine months.

The firm is expected to close its third secondaries fund during the first quarter.

Stéphane Chevrier previously founded Equifin Alternative Investments and was a managing director at AXA Private Equity, now Ardian.

The transaction marks EQT's entrance into the secondaries market and expansion into insurance offerings, with secondaries doyen Jeremy Coller reporting to chief executive Per Franzén.

Healthcare-related assets make up a significant chunk of potential dealflow in the GP-led secondaries market given the sector’s characteristics and outlook.

The evolution of the secondaries market over the past decade has brought material changes to how LPs and GPs engage with the asset class.

Who are the young guns showing innovation in the industry? Who has the X factor that marks them as a future leader? Our Future 40 list of the 40 individuals aged under 40 set to shape private equity over the next decade.

The New York-based firm surpassed its $8bn target and closed the market’s largest secondaries fund to date

ICG has hired the Andrew Hawkins-led New Globe Capital team to focus on fund restructurings

When one of its funds ran into difficulty, GMT took the lead to bring the vehicle back to life — proving that fund restructurings can work

There's a stigma attached to dealing with end-of-life funds – but facing them head-on will lead to the best outcome