North America

The $524.4bn investor has been actively using the secondaries market as a portfolio management tool, as well as for buyside opportunities.

While some LP consultants argue it is difficult for LPs to gain access to top-decile secondaries funds, Vermont CIO Eric Henry argues that mentality can also be applied to the primary market.

GPs need to be transparent with LPs about the impacts of having GP-led deals in co-investment funds, Partners Capital’s head of co-investments Adam Spence says.

The deal is the largest Dawson has completed and comes as the firm continues to raise its largest flagship vehicle to date.

Taiwan Life Insurance commits $50m to Ardian’s infrastructure secondaries fund.

In this podcast, two industry veterans discuss the different types of GP stake secondaries transactions, the motivations driving market participants to pursue such deals, and the outlook for this emerging segment of the secondaries market.

The fund will target an even split of LP- and GP-leds, primarily in North America.

While many secondaries investors are willing to join as syndicate participants, few are willing to take on the ‘onerous’ task of a lead investor role in CVs, panellists said at the Fund Finance Association European Symposium held in London.

The Siguler Guff spin-out launched the fund earlier this year and is eyeing an end-of-year close, Secondaries Investor has learned.

Quarterly redemption opportunities do not mean these products should be considered liquid, says head of international Marco Bizzozero.