Secondaries

New entrants and pricing are driving deals and could spur record volume, global head of Blackstone Strategic Partners Verdun Perry tells Secondaries Investor.

Pilot product helps LPs conduct cost-benefit analyses and lets smaller GPs act without advisers.

The firm has launched separate private credit and private equity vehicles focusing on mid-market opportunities.

The deal follows the close of LGT Capital Partners’ last flagship fund, which closed above its target on over $7bn.

Research suggests evergreens can pay 6 points higher on average for LP portfolios than closed-end funds – findings that may not fully reflect all market dynamics.

Retaining talent and maintaining the industry’s culture will be one of the secondaries market’s biggest long-term challenges.

The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.

Pacific Equity Partners has deployed around 60% of its evergreen wealth product into overseas GP-leds, managing director Alex Ovchar tells Secondaries Investor.

Patria Investments Secondary Opportunities Fund V launched in July and held a first close in September.

In this podcast episode, Second Thoughts host Madeleine Farman and Americas correspondent Hannah Zhang talk through the spaces to watch in secondaries as end-of-year activity surges.