Secondaries

The oversubscribed vehicle adds to an already lucrative, record-breaking fundraising year for secondaries.

The fundraise is the private credit and real asset manager’s first private equity secondaries endeavour.

Investors from German insurer Munich Re to Lithuanian family office Willgrow are jumping into the nascent asset class or considering doing so.

The Toronto-based opening comes a year after the launch of Coller’s Montreal office.

LP-leds are a function of ‘disciplined portfolio management’, according to HMC chief executive NP Narvekar.

Investor enthusiasm for secondaries is no secret, and it has manifested in some eye-popping fundraising figures.

The hire comes as the investment firm builds out and identifies lower mid-market LP- and GP-led opportunities.

More capital was raised for the strategy between Q1 and Q3 than the $118bn gathered in 2023.

Andrei Brougham has agreed to join Goldman’s secondaries advisory unit as it seeks to bulk out its European capabilities, Secondaries Investor understands.

The real asset veteran, a keen buyer of infrastructure secondaries, says she is ‘cautious’ about touted pricing for infra secondaries transactions.