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.
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.
PE skeptics 'have to acknowledge' that the asset class is worthwhile for LPs with the ability to significantly reduce their fee loads, Marcus Frampton says.
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.
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.
Cove Hill sets an example of how a firm can navigate through the tumultuous first few fundraises on its way to becoming part of the “established” elite.