Secondaries

Coller Capital and State Street Investment Management will work together to broaden access to the secondaries market, according to Coller CIO and managing partner Jeremy Coller.

Montagu Private Equity’s latest CV is one of the largest single-asset deals to come out of Europe this year as GP-led secondaries activity continues in earnest in the region.

Roughly half of the CV’s value is concentrated in two portfolio companies, Secondaries Investor understands.

Secondaries is not about stressed portfolios or assets that firms cannot sell – it is about capital allocation and repositioning, according to CEO Harvey Schwartz.

The firm, which has opened an office in Hong Kong, closed at least five such transactions in the region this year, according to Jason Yao, head of Greater China.

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

The change in the investment policy will streamline the SBI’s investment process and keep it in line with the policies of its peers, according to its CIO.

The vehicle from the tail-end secondaries specialist is the latest vehicle to smash its fundraising goal this year.

Aqualis Partners is looking to take advantage of the growing and increasingly attractive small-cap market.

The vehicle will invest in a variety of strategies, including secondaries.