News & Analysis

Secondaries Investor reported in December that the Canadian pension giant had teamed up with Lexington Partners to lead the transaction.

Whatever happens to the SEC rules, the trade group hopes the industry can unite to raise the floor on transparency.

Updates to how effectively connected income is treated may lead to an easier and more standardised process for secondaries transfers, argue lawyers from Macfarlanes.

Ares Management data, shared with Secondaries Investor, shows deal volume for the asset class fell 21% in 2023 from the record $12.4bn clocked the year prior.

A record one-in-five investors are planning to invest in the strategy, according to affiliate title Private Debt Investor’s latest LP Perspectives Study.

GP-led deals represented about 44% of the approximately $109bn in total volume last year, with single-asset transactions representing the majority of such deals.

The final close of TPG GP Solutions will be one of the key pillars driving the firm’s growth in 2024, CEO Jon Winkelried said in its latest earnings call.

The RMB fund targets Chinese LPs and aims to hold its first close this year.

The $19.1bn system looks to become the latest public pension to change rules to allow flexibility.

Lazard expects deal volume this year to approach or exceed 2021 levels as LPs and sponsors seek innovative liquidity options in the secondaries market.