Managers

The fund is already ‘well deployed’ with 22 transactions completed to-date.

Secondaries is not about stressed portfolios or assets that firms cannot sell – it is about capital allocation and repositioning, according to CEO Harvey Schwartz.

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

Aqualis Partners is looking to take advantage of the growing and increasingly attractive small-cap market.

The vehicle will invest in a variety of strategies, including secondaries.

Competition for capital is fierce, but new firm formation is poised to continue nonetheless.

The firm’s deployment so far this year is already 25% higher than its full year total for 2024.

Strategic Partners Fund X is seeking $22.5bn, documents prepared for a US pension’s meeting this week show.

SQ Capital was the lead buyer of the $160m CV for portfolio company TeamDynamix, understood to have been run in an off-market deal with no bankers involved.

Reinsurance Group of America’s investment in credit secondaries specialist FoxPath Capital Partners will broaden its access to private assets.