News & Analysis

The VS secondaries firm’s 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.

Infrastructure and real assets accounted for around 9% of estimated total volume in the first half, according to Greenhill & Co’s latest volume survey.

Three buyers co-led the novel transaction involving insurance asset Markerstudy, which was separately involved in an M&A process.

The deal is understood to be Partners Group’s largest secondaries deal on a total adjusted commitment basis.

3Spoke Capital provides structured secondary liquidity to LPs, GPs and investors who own direct interests in companies.

Secondaries is an area of opportunity amid rising inflation and interest rates, according to the alternatives giant’s chief executive.

Market volatility may have increased denominator effect concerns in recent months but infrastructure allocations are still trailing targets.

Sources point to an influx of deals hitting the market toward the end of summer that may drive volume, especially as pricing has improved.

There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM’s global head of secondaries, tells Secondaries Investor.

The firm’s GP Equity Solutions product – co-led by Sebastiaan Van Den Berg and Michal Lange – will invest in global B2B niche leaders.