Firms & Funds

The system is considering new relationships and emerging managers next year.

The system will also look to reduce its overallocation to venture capital.

The new offering comes roughly a year after Court Square announced a succession event that created new leadership.

The move comes as movement around the secondaries advisory world has slowed after a series of relocations over the past year.

The system is also launching a much-discussed co-investment vehicle.

Stellex was founded in 2014 by Ray Whiteman and Michael Stewart, who previously headed Carlyle Strategic Partners, a distressed and special situations platform.

Hamilton Lane was lead investor on the deal, which the firm closed without intermediation.

Along with practicing traditional approaches to adding value, Georgian has programs to help software companies anticipate and absorb fast-moving innovations, particularly in the world of AI.

Many LPs struggle to commit to continuation funds due to governance processes.

Many institutions have adjusted their pacing plans, especially those that are either overallocated to private equity or face liquidity concerns.