Private equity

The firm’s deployment so far this year is already 25% higher than its full year total for 2024.

Strategic Partners Fund X is seeking $22.5bn, documents prepared for a US pension’s meeting this week show.

The small buyout specialist’s latest secondaries vehicle surpassed its $1bn target and will invest in both LP- and GP-leds.

Speaking at the CAIS Alternative Investment Summit last week, executives from both firms agreed asset quality has become a more important driver of returns.

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

The fundraise is the private credit and real asset manager’s first private equity secondaries endeavour.

Unrealised NAV sitting in PE funds will ‘get bigger over the next five years before it shrinks’, according to the firm’s president Wil Warren.

SQ Capital was the lead buyer of the $160m CV for portfolio company TeamDynamix, understood to have been run in an off-market deal with no bankers involved.

Clean-up deals have continued to grow as even traditional secondaries shops seek to close out older pools and deliver proceeds to long-time investors.

LP-leds are a function of ‘disciplined portfolio management’, according to HMC chief executive NP Narvekar.