North America

Cross-fund investments are generally used for single-asset CVs as secondaries investors expect GPs to be ‘as much all-in on trophy, crown-jewel assets as they possibly can be’, according to William Blair’s Tom Marking.

The insurer worked with Evercore to shop a $1.8bn portfolio under the name Project Trident, Secondaries Investor has learned.

Jared Barlow joined the small deal-specialist at the time of its founding in 2015 and was responsible for firm and investment oversight alongside managing partner Mike Bego.

The firm’s seventh fund may invest across a wide range of secondaries strategies.

The infrastructure secondaries team that was previously operating under AXA IM Prime began building a seed portfolio in 2023 and held a first close on its debut infrastructure fund in 2024, head of infrastructure Asseman and head of infrastructure secondaries Qureshi tell Secondaries Investor.

The structured solutions specialist has closed Dawson GP Finance 2 on its $750m hard-cap, surpassing its $500m target.

The digital LP-led secondaries marketplace, which has facilitated smaller transactions since its founding, is seeking to attract larger sales, founder and CEO Antoine Dréan told Secondaries Investor.

The Chicago-headquartered firm joins a growing number of buyout firms entering the secondaries market, and is the latest sector-specialist.

People moves within the secondaries advisory community have continued apace as firms jockey for competitive position.

TowerBrook has ‘spent considerable money, time and resources’ transforming the professional services business across its four-plus year hold, managing director Walter Weil tells Secondaries Investor.