North America

Heightened supply and the climbing cost of credit mean the pricing for infrastructure secondaries is increasingly attractive for buyers.

The region continues to play host to the world’s largest LP and GP-led markets.

Is $1trn in annual deal volume achievable? What does the increase in new entrants to the single-asset buyside herald? Why do some firms not like leading deals? All questions up for discussion in Orlando next week.

While demand among GPs for liquidity options to pay back LPs in older funds is strong, the limiting factor is the relatively small pool of capital available for such deals.

A new Illinois pension plan looks to build its private equity portfolio through a secondaries commitment.

The preferred equity specialist plans to complete five to 10 transactions annually, with each ranging from $100m-$750m in size.

The hires come as secondaries advisory groups shift and expand, with some places growing their capabilities to meet increasing demand for transactions such as continuation funds and LP portfolio sales.

While GP-led inventory is high, the capital chasing such deals remains limited to a small universe of buyers.

Coller Secondaries Private Equity Opportunities Fund will be seeded with over $300m from the firm and other institutional investors.

Virginia Retirement System and the State of Wisconsin Investment Board were among the most active LPs making secondaries investments last year.