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GP-led deals will be a common staple within the small- and mid-cap markets, where there is more runway for company growth, head of secondaries Richard Wilmes told Secondaries Investor on the back of the firm’s over €510m raise.

A conversation with a secondaries player about an LP commitment sparked the former Cinven dealmaker’s idea to launch a tertiary platform.

The fund has increased its secondaries budget to capture opportunities arising from market uncertainty, says private equity head Yasuyuki Tomita.

The firm recently closed its latest credit secondaries programme on $6.8bn, including its credit evergreen offering for US investors.

The firm is looking to double the size of its ‘small but mighty’ secondaries team in the next 18 months.

The firm’s second GP-led fund, which closed on $4bn earlier this month, is over four times the size of its predecessor.

After several $1bn-plus GP-led credit deals were closed last year, Antares Capital’s head of credit secondaries Olga Kosters expects several more to close in 2025 as GP interest grows.

Stafford plans to allocate 80% of its latest $1bn+ timberland fund to secondaries, chief executive Angus Whiteley told Secondaries Investor.

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.

Rob Campbell, head of North America at ICG’s Strategic Equity unit, outlines elements for a successful CV when just one asset is involved and why such deals differ from co-investments.