Managers

Apollo’s and Ares’ vehicles are among a handful of special opportunities funds targeting a combined $20bn to $25bn, Buyouts estimates.

Donohoe, who joined the firm in 2009, moved out of the Client and Partner Group in late 2020 and into a new role as head of strategic growth.

Transparency and education are key pillars for individual investor access to private equity, a panel has heard.

The London-headquartered firm, which could seek as much as £1bn for its fifth mid-market Europe PE fund, also expects to launch and seed new strategies this year.

For new managers, departures early in the life of the organization can be concerning to investors, especially those considering kicking in for a subsequent fund.

Petra Funds arrives as the weight of back-office burdens is set to grow. Regulators are starting to roll out proposals aimed at making private markets more transparent and leveling the playing field.

GP-led deals drove secondaries volume to record levels last year, reaching more than an estimated $134bn.

GP-led deals like single-and multi-asset continuation funds have been driving the market since last year, with traditional LP portfolio sales following closely behind.

The global transition fund, soon to close at $15bn, will be “just the first fund in what we believe will be a very attractive growth avenue,” Brookfield managing director Natalie Adomait said.

Several recent single-asset secondaries deals have had their valuations set by earlier minority stake sales.