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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.

There’s a growing set of more than 28,000 buyout companies with diminished IPO and M&A exit avenues, according to Kline Hill Partners’ Mike Bego.

The firm is fresh off raising its largest fund ever, StepStone Secondary Opportunities Fund V, which totalled $7.4bn across its entire programme.

‘I can hand on heart say there has never been a deeper, more robust pipeline than the one that we have right now,’ HarbourVest’s Jeff Keay told Secondaries Investor on the back of its $15.1bn flagship raise.

On the back of the firm’s $3.4bn raise for its latest real estate secondaries fund, Harold Hope, global head of Goldman Sachs’s Vintage group, says a major repricing of assets is presenting more attractive entry points for buyers.

From partial exits to continuation funds, more African GPs are turning to secondaries transactions to deliver liquidity back to LPs.

Manulife Investment Management’s GP-led secondaries programme will seek out concentrated deals from the large-cap space through to the lower mid-market.

ICG LP Secondaries Fund I has completed seven transactions and is already around 50% committed.

Hollyport closed its eighth flagship fund, along with its first-ever co-investment vehicle, at the end of 2022 on more than $2.2bn.

Banner Ridge reached a $2.15bn final close for its latest flagship fund this year, smashing its $1.4bn target.