North America

Secondaries funds have been targeting around 15-20% of SaaS exposure in LP-leds when previously it was sometimes as high as 40%, attendees heard at PEI Group’s Women in Private Markets Summit North America.

Evercore and HEC Paris’s fifth CV performance study includes 396 CVs formed between 2018 and 2024, a significant increase on the 140 funds analysed in the inaugural report.

The fund primarily focuses on LP-led deals in the North American mid-market.

The $219bn system has seen ‘underwhelming’ performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

As the secondaries market keeps growing, firms increasingly face a shortage of experienced talent. As competition ramps up, we delve into where and how the buyside is recruiting.

The law firm values nimble talent as it expects innovation in the secondaries market to emerge across a broader range of products, head of the alternative asset opportunities group Isabel Dische tells Secondaries Investor.

The deal will see up to €1bn of investment to grow Oaktree’s European direct lending platform.

Churchill Asset Management and 50 South Capital co-led the CV to extend Frontenac’s hold of the industrials asset.

The firm’s current fund, Strategic Equity Fund V, raised $11bn last year and is the biggest dedicated fund for backing continuation vehicles.

The Canadian pension giant will sell its exposure in 33 funds having brought a portfolio of 56 lines to market.