Secondaries

While LPs are ‘not leaving’ impact, investors have limited capital to deploy into the market, which is heavily dominated by emerging managers, a secondaries buyer said at PEI Group’s New Private Markets Investor Summit.

Soma Capital, which manages $1bn, appears to be one of the first venture firms to seek to hire a ‘head of liquidity solutions’.

Amid one of infrastructure secondaries largest ever fundraising years, Ares’ infra secondaries head Edward Keith explains how it seeks to achieve diversification within its funds.

Founder Ron Dickerman expects his firm will begin deploying capital next year amid a ‘very intriguing’ time to explore real estate secondaries in the region.

Most real estate GPs have either completed a recap or are actively exploring one, according to Scott Koenig, head of real estate secondaries at Neuberger Berman.

The firm’s Secondary Opportunities Fund V is the first vehicle raised since Patria acquired Aberdeen’s European private equity business.

The publicly listed asset manager is confident its latest secondaries vehicle will surpass the size of its $5.6bn predecessor, co-CEO Erik Hirsch said on the firm’s earnings call.

The transaction run by Chicago-headquartered investment firm Tyree & D’Angelo Partners was oversubscribed, Secondaries Investor understands.

The investment bank has hired an executive director and vice-president, both based in London, Secondaries Investor has learned.