Madeleine Farman
The promotions bring the number of team members elevated this year to 15.
The firm, which closed its Pantheon Credit Opportunities Fund II in May, sees around 70% of dealflow coming from LPs, according to global head of private credit Rick Jain.
Greenhill's private capital advisory unit, which advises on LP and GP-led secondaries transactions, will be included in the acquisition.
The launch comes as Ares is set to mark the two-year anniversary of its acquisition of Landmark Partners.
There were multiple $1bn-plus fund finance transactions in the market in the first quarter with at least 30 new entrants to the market, according to a report from PJT Park Hill.
Allianz can already invest in secondaries via its Allianz Private Equity Fund and Allianz Global Diversified Infrastructure Equity Fund.
With the launch of S3, Apollo becomes 'much more of a one-stop relationship' for GPs, co-president Scott Kleinman tells affiliate Secondaries Investor.
A considerable drop in the number of capital calls made by private capital funds comes as no surprise to those in the asset class, as managers have increasingly been looking to subscription lines to simplify investments.