Secondaries

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

In response to the rise of US trade tariffs, LPs are turning towards private credit and infrastructure – and eyeing opportunities in Europe.

Alvaro Rosado joins the tertiary shop as it closes its first investment, acquiring around $140m of interests in funds managed by two prominent secondaries buyers.

Q3 saw $60bn of secondaries volume with just over half made up of GP-led deals, according to estimates from the investment bank.

Secondaries Investor launches its inaugural Global Market Survey to map the market, its drivers and the changing nature of the asset class.

The pension fund’s sale of private fund stakes in private equity and real estate is understood to be substantial in size, Secondaries Investor has learned.

Two secondaries-focused professionals have been included in PEI Group’s annual list of the most impressive women in private markets.

The firm is looking at launching other strategies and offices, and is seeking to expand its primary programme, founder Michael Bego told affiliate title PE Hub.

The programme is one of the largest infrastructure secondaries platforms raised and follows Blackstone Strategic Partners’ $5.5bn fund close in August.

The CV from enterprise software investor is the latest deal from Europe, a region that continues to be on a GP-led tear.