Secondaries

Fundraising for secondaries strategies last year reached just under $100bn, falling short of 2023’s record haul for the sub-sector.

SQ Capital, founded by Mustafa Siddiqui, will focus on mid-market secondaries opportunities.

Mid-Market Secondaries III, the successor to co-investment and secondaries-focused vehicle Select Opportunities Fund II, reached its target.

The incoming administration is taking centre stage when it comes to events expected to shape the North American secondaries market this year.

Secondaries professionals and LPs dust off their crystal balls to give their views on what will drive the market over the next 12 months.

Quilvest Secondaries Fund will primarily target GP-led transactions, though it will include a pocket for shorter duration opportunities, Secondaries Investor understands.

The secondaries market anticipated a record year for activity in 2024. Don’t expect a slowdown over the coming 12 months.

The Paris-headquartered firm aims to hold the final close for the fund in 2025.

The largest secondaries vehicle to close in 2024 was more than double the size of the runner-up.