Secondaries

The growth in dealflow outweighs the money being raised for the strategy, Mario Giannini told investors on the firm’s latest earnings call.

The market is too competitive and those who bought stakes after the global financial crisis look like ‘super smart money’ now, the $65bn fund’s director of investments Stephen Moseley tells Secondaries Investor.

Allied Universal, the largest security force in North America, was valued at $7bn and could be moved into a separate vehicle backed by secondaries capital.

Let us know who deserves to be recognised in our annual ranking of the most impressive secondaries professionals under 35.

LPs not proactively managing their mature fund commitments are incurring potentially huge opportunity costs.

The total deal is valued at just under $800m and the voting period ends this week.

Dover Street X, the firm’s latest flagship secondaries fund, is seeking $6.5bn including co-investment capital.

The fund is targeting $7bn, slightly less than its predecessor raised at final close in 2017.

As the firm seeks $7bn for its latest flagship fund, we look at the performance of Goldman Sachs Asset Management’s flagship secondaries vehicles so far.