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The new platform will sit within the firm's secondaries unit, Strategic Partners, and work with existing impact managers across all asset classes.
European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.
Ted Craig is now the third partner comprising Dentons' alternative funds practice, which the law firm aims to double in size over the next few years.
Expect another year of healthy trading in the market for second-hand fund stakes.
From stapled deals to restructurings, tender offers to strip sales, Andrew Sealey, managing partner and chief executive of Campbell Lutyens, discusses the different types of GP-led deals and how they can benefit all parties.
The closing of Manulife Financial's stapled deal in June – among the largest in North America this year – is further evidence that large asset holders and managers have a third option for their assets.
The close comes after a ‘strict and intellectually rigorous process’ to roll over assets from the Italian group’s first fund, chief investment officer Carlo Michelini tells us.
And it isn’t just the growing number – and size – of the primary infrastructure vehicles that will fuel secondaries’ growth, Campbell Lutyens’ Gerald Cooper explains.
Expect a document that gets into the weeds when the LP body issues its best practices for fund restructurings.
The industry body, which represents $2trn in PE assets, plans to publish an update to its private equity principles as early as this year.
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