North America

The US secondaries market may have notched up record levels of deal activity in 2024, but global trade uncertainty and volatility elsewhere in the markets leave the situation delicately poised.

The $200bn pension now places a greater focus on the CV market, which is less crowded by retail capital, according to senior investment officer John Bradley.

Jeremy Weisberg will co-lead the secondaries strategy with Jared Wien, who recently joined A&M from Sun Capital.

The overall buyers on the deal could account for a portfolio of around $3-$4bn, Secondaries Investor understands.

It’s not the first time that the North Carolina-based PE firm has run a CV to extend its hold of a top-performing asset.

The investment firm doubled its year-on-year deployment in 2024, investing €2.4bn into secondaries transactions last year.

The additions include Mark Epley, named a senior adviser supporting secondaries investment origination and sponsor coverage.

The investment bank sees ‘significant opportunity’ in private debt secondaries as demand for flexible liquidity options in the asset class grows.

The advisory side of the secondaries market has been hot this year as talent continues to move around.

The deal allowed Antares to acquire its 100 underlying first-lien, floating rates loans.