Managers

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

The past year has been the firm’s strongest fundraising period ever, with nearly $28bn raised.

Tender offers represent a reliable way for secondaries buyers to provide liquidity to private company shareholders, according to a report by Bryan, Garnier & Co.

ICG Strategic Equity Fund V has already raised more than its $6bn target.

Two deals made up nearly half of the firm’s total secondaries investment volume last year.

The largest proportion – $400m – went towards private equity secondaries, according to the firm’s Q2 earnings presentation.

The fund, which is seeking $750m, has already committed over $450m to new investment opportunities, according to documents prepared for a MWRA Employees’ Retirement System board meeting.

Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane’s $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.

There’s a new type of entrant to the secondaries buyside, and it’s not your typical buyout-come-secondaries firm.

The firm hopes to surpass the size of its previous secondaries flagship, which closed on $22.2bn in 2023.