North America

The deal highlights how continuation funds are filling the void in the exit market when traditional exit routes remain subdued.

W-Prime VI’s target is more than double the amount the direct secondaries specialist raised for its predecessor vehicle.

The $200m deal is one of the larger energy-focused multi-asset CVs that have closed in the secondaries market.

The institution wants to understand “how deep the private credit secondaries market is” after seeing stellar returns from PE secondaries, senior portfolio manager John Mogg said in a recent advisory council meeting.

The pair are working on a further four global co-advisory mandates, Alex Bruce and Immanuel Rubin tell Secondaries Investor.

As the continuation fund market evolves and expands, it is inevitable that some of the assets would fall into bankruptcy.

The continuation fund is the second time St Louis-based Thompson Street Capital has used the GP-led secondaries market.

The expansion follows the firm’s first SICAV fund, which raised $130m from Canadian clients.

The firm says it has become the first qualified matching service where investors can electronically sign essential fund transfer documents to complete limited partnership interest transactions.

Investment decisions should not be postponed due to political uncertainty, study finds.