NewGlobe secondaries firm launches
Secondaries firm NewGlobe Capital has launched today in partnership with US investor Hamilton Lane and private equity firm Vanterra Capital.
Both Vanterra and Hamilton Lane, which has more than $171bn under management, will provide capital to fund NewGlobe transactions.
The NewGlobe vehicle will buy LP stakes in mature funds and partake in fund recapitalisation deals. The vehicle will target end-of-life and disrupted-cycle private equity funds, providing liquidity to LPs.
The NewGlobe team is based at offices in London and New York and is headed by CEO Andrew Hawkins.
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