Private equity

The deal is understood to be Partners Group’s largest secondaries deal on a total adjusted commitment basis.

Secondaries is an area of opportunity amid rising inflation and interest rates, according to the alternatives giant’s chief executive.

There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM’s global head of secondaries, tells Secondaries Investor.

The firm’s GP Equity Solutions product – co-led by Sebastiaan Van Den Berg and Michal Lange – will invest in global B2B niche leaders.

The mid-market-focused firm is more than two-thirds towards the target of its third vehicle.

GP-led secondary deals like single-asset continuation funds represented about 40% of estimated total market volume in the first half, according to Lazard’s first-half volume report.

Presenting the latest instalment of Second Thoughts, a special series from Secondaries Investor that delves into the latest trends affecting the fastest-growing market in alternatives.

A footnote in the US Securities and Exchange Commission’s new rules suggests continuation funds structured as cross fund trades won’t be subject to third-party fairness opinion and valuation letters.

The SEC’s vote this week that makes third-party opinions in continuation fund transactions mandatory was a practice that was already becoming a market norm.

The survey, which compiled responses from 101 senior buyout, growth, private debt, VC, real estate and infrastructure executives globally, found that most GPs observed their LPs had interest in such options.