Secondary sales of private equity fund interests are emerging as a growing force. The secondary markets were previously attractive to a small number of participants, as investors tried to sell assets at discounts to their net asset value, and general partners (GPs) hesitated to allow the transfer of investment interests in their funds. Things have changed.
Monument Group, a leading independent alternative investment fund placement agent, announced that Niklas Amundsson has joined the firm as a Managing Director in the firm’s Hong Kong office.
Monument Group, a leading independent alternative investment fund placement agent, announced that Karl Adam has joined the firm as a Director in the London office.
Dune Real Estate Partners LP (“Dune”), a leading New York‐based real estate investment firm, today announced the closing of its third real estate fund, Dune Real Estate Fund III (“Fund III”), with $960 million in capital commitments, substantially exceeding its $850 million target.
Although compliance with the recently implemented AIFMD appears quite daunting, this update should provide some clarity on the Directive’s requirements, as well as some comfort that Directive compliance is not nearly as murky or burdensome as it might first appear.
Monument Group, a leading independent alternative investment fund placement agent, has advised Consonance Capital Partners in raising $500 million for its first healthcare private equity fund.