News & Analysis

Family offices’ ability to provide patient capital to private markets while other investors face liquidity constraints is further fuelling interest in the secondaries market, according to a report.

After more than three years on the road, the asset manager is already looking to launch a successor vehicle.

GBL’s portfolio includes private equity and venture capital exposure with a weighting towards the mid-market, Secondaries Investor has learned.

MN and its European peer APG are among a wave of global LPs seeking to offload private market holdings amid market uncertainty.

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

The deal marks the latest single-asset process for CVC, which moved Italian online university group Multiversity into a continuation fund last year.

Geopolitical tensions and liquidity strains could lead to a 50% year-over-year volume increase.

Secondaries buyers have lined up to back the deal, which is set to close this month, Secondaries Investor understands.

The manager’s latest report estimates RE secondaries saw more than $24bn in volume last year.

While the firm missed its $1bn target, the vehicle was almost double the size of its predecessor which closed on $456m in 2019.