Secondaries

The secondaries specialist, which spun out of Deutsche Asset Management, is at least the fifth secondaries firm to be subject to an M&A process this year.

Once the domain of private equity, the secondaries industry is now gaining momentum in infrastructure, debt and real estate, says Northleaf managing director Mike Flood.

Last year’s transformative year is creating many market opportunities, according to executives from the advisory firm in this sponsored Q&A.

This year’s ranking of the industry’s biggest secondaries fundraisers is larger and broader than ever.

The news comes as the firm eyes the target of its latest secondaries fund seeking $3.5bn.

The deal is one of several that allow large organisations to shift private equity into new vehicles that provide more space, and fresh capital, to continue building out the strategy.

Women from two managers, a sovereign wealth fund and a law firm represented the secondaries market in the inaugural Women of Influence list.

The original deal was set to be one of the largest GP-led secondaries ever, but well into the process Panasonic decided to acquire the largest asset, supply chain software provider Blue Yonder.

BlackRock, GIC and Lexington Partners co-led the deal, the third inaugural continuation vehicle this month.

The firm anticipates that expansion into real estate, credit and infra secondaries will come alongside additional hires.