Adam Le
The investment firm has already raised at least $700m for the vehicle.
.jpg "Abu Dhabi launches $125bn SWF with state funds merger")
Mubadala Investment Company becomes the world's 14th-largest sovereign wealth fund.
The hire comes as the global investment manager seeks €250m for its first secondaries fund in the asset class since the firm’s 2014 formation.
The team joins asset manager Patrimonium three months after the successful restructuring of its 2007-vintage fund.
It is understood the vehicle, which launched in February, will make secondaries investments.
The troubled pension was expected to approve the sale, which includes private equity and real assets stakes, on Thursday.
.jpg "Northleaf adds to Toronto team")
The private equity and infrastructure investment firm has hired Michael Bowen to focus on direct secondaries and co-investments.
Recent mishaps have not been in vain: secondaries is an evolving industry and it is learning from its early missteps. We take stock of what we know so far in three bullet points.
The firm has raised €164m for Stafford Infrastructure Secondary Fund II, more than two-thirds of its target.
Sellers are demanding a high price despite a widening quality gap among infrastructure funds, fresh research shows.