Managers

The secondaries specialist, which spun out of Deutsche Asset Management, is at least the fifth secondaries firm to be subject to an M&A process this year.

The alternatives giant’s vehicle would be the second-largest pot of capital dedicated to the strategy so far.

Once the domain of private equity, the secondaries industry is now gaining momentum in infrastructure, debt and real estate, says Northleaf managing director Mike Flood.

Strategic Partners Fund IX is likely to be one of the largest ever secondaries funds, with a target of $13.5bn.

This year’s ranking of the industry’s biggest secondaries fundraisers is larger and broader than ever.

Community organisers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

The preferred equity specialist is on track to nearly double its AUM with the latest flagship vehicle.

The firm’s outlook and performance were outlined in documents obtained from the Minnesota State Board of Investment.

The lower mid-market firm was targeting $150m for an overage fund to take advantage of opportunities brought about covid-19.

The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.