Managers

The move comes two years after the launch of Dawson’s first overseas office in London.

Approximately half of the private equity evergreen market is expected to be allocated to secondaries in the next decade, according to estimates.

ACP Secondaries 5 is already around 60% deployed and the firm is seeking to capitalise on a lack of liquidity in the underlying private equity market, global chief executive José Luis Molina tells Secondaries Investor.

The firm’s decision comes two months after Secondaries Investor reported the European manager had put its blindpool GP-led secondaries fundraising plans on ice.

The strategy will include raising a separate fund from New Mountain’s flagship vehicle.

The firm is targeting €200m to invest in continuation vehicles.

The office is the fifth in the Asia-Pacific region for the secondaries pioneer.

The firm has its eye on programmatic sellers with its $30bn latest raise for ASF IX.

Two new secondaries-focused firms have already launched in 2025.

The firm emphasises the timing of its primary and secondaries investments in companies to produce impressive performance metrics.