Managers

There’s a confluence of returning LP stake volume and the newly minted GP-led side of the market, the firm’s US secondaries heads tell Secondaries Investor.

The secondaries giant is speaking to investors about its 10th flagship fund less than 16 months after having amassed $14bn for its latest vehicle.

Cebile’s goal is to be ‘the market leader in PE mid-market GP-led deals and placement’, founder Sunaina Sinha Haldea tells Secondaries Investor.

The $74bn alternatives manager is seeking approval for another office in the region, its 11th worldwide.

The fundraising haul includes $1.5bn for a dedicated single and concentrated asset vehicle.

The health crisis has been an exogenous factor that has led some LPs to ‘reassess from the ground up’, according to the Blackstone unit’s Europe head.

Ares Management’s agreement to buy Landmark Partners could be the latest in a chain of consolidation moves in the secondaries industry. We examine the ownership of firms that comprise our SI 30 ranking to see who might be next.

The credit mammoth expects to cross-market strategies between its and Landmark Partners’ respective client bases, chief executive Michael Arougheti said.

Apollo’s deep knowledge of underlying credit investments is the ‘real secret sauce’ in a secondaries business, CEO Marc Rowan says on the firm’s latest earnings call.

The private equity giant is looking at opportunities to acquire secondaries firms or set the unit up organically, according to co-president and co-COO Scott Nuttall.