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The firm is allocating about 25% of its co-investment strategy to Asia opportunities, head of APAC Sean Yoo tells Private Equity International.

The firm hopes to surpass the size of its previous secondaries flagship, which closed on $22.2bn in 2023.

It could be '12 to 18 months out' before deal and exit volumes reach the levels necessary to support improved fundraising conditions, HarbourVest managing director Scott Voss told Buyouts.

The facility would be intended to support value accretive add-ons rather than to distribute capital to investors, PEI understands.

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.

Efforts to access the wealth channel through mobile apps will require careful handling. Plus: private equity is dominating secondaries adviser workloads; and the UK's financial industry is more bullish than one might expect. Here's today's brief, for our valued subscribers only.

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

CCMP IV is focused on middle-market companies in the North American consumer and industrial sectors.