Managers

At its new total, Blackstone Capital Partners IX could be only several months away from wrapping up.

It is understood Lazard’s head of US secondaries advisory Amanda Ugarte will join the investment bank to head up and build out its secondaries advisory team.

It comes down to strategy, performance and the ability to return proceeds to LPs in a reasonable time frame, according to Alex Wolf, founder and managing partner of Kingswood.

The Brussels-headquartered buyout shop, formerly known as Ergon Capital, reopened Fund III in 2016 to introduce new external capital via a stapled secondary.

Japan could be in contention for Advent’s next stage of Asia-Pacific expansion after the firm’s newly opened Australia office, India head Shweta Jalan tells PEI.

In a brutal fundraising market for emerging managers, commitments from GCM Grosvenor/CalPERS and New York Common provide a leg up for Excolere’s debut vehicle, recently rolled out with a $400m target.

The deal is part of a series of large LP sales that is being driven by liquidity concerns, the need to rebalance investment exposures in investment portfolios and strong pricing for high-quality private markets funds.

Via its Capital Constellation platform, the NY alternative manager is adding a European software data-focused PE firm to its sizable portfolio of GP investments.

The Paris-based manager is set to be back in the market with its sophomore secondaries fund in early 2025, following closes for its flagship and emerging manager funds.

NewView was spun out of Silicon Valley venture giant NEA in 2018 through a $1.35bn secondaries deal backed by Goldman Sachs and Hamilton Lane.